Trailhead at Tam Junction_Property for Sale
Trailhead at Tam Junction_Property for Sale
214 Villa Garden Dr, Mill Valley, CA, 94941-3666, US

Trailhead at Tam Junction

Asset Description

Trailhead at Tam Junction is a boutique, value-add multifamily asset located in Mill Valley, California. The Property offers a unique investment opportunity in a highly desirable, supply-constrained market poised for outsized rent growth. The property contains 41 units and is comprised of one bedroom, two bedroom and three bedroom units. The living spaces at Trailhead offer a well-maintained, spacious feel, in a quiet suburban community. The asset has undergone light interior and exterior improvements, with 70% of the units having been renovated by current Ownership. Each renovated unit features quartz countertops, stainless steel appliances and vinyl flooring.


Situated in Mill Valley, a picturesque city in Marin County just north of San Francisco, this asset sits in a prime location known for its natural beauty, vibrant community, and excellent quality of life. With its convenient proximity to the city and breathtaking scenery, Mill Valley has long been a sought-after residential destination offering residents a quiet abode, with direct access to the largest employment hubs in the Bay Area.

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Attributes

Number of units
41 units
Occupancy
98%
Year built
1963
Asking price
€16,584,000
Cap rate
4.67%

Media

Investment Highlights


  • RARE OFFERING IN A HISTORICALLY UNDER SUPPLIED MARKET


  • IMMEDIATE ACCESS TO HIGHLY DESIRABLE AMENITIES & EMPLOYMENT HUBS


  • ABILITY TO DRAFT OFF OF MILL VALLEY’S EXCEPTIONAL DEMOGRAPHIC PROFILE


  • STRONG MARKET FUNDAMENTALS & CONTINUED POST-PANDEMIC GROWTH


  • AVERAGE MARKET RENT AT TRAILHEAD REPRESENTS A 76% DISCOUNT TO THE COST OF HOME OWNERSHIP IN MILL VALLEY


  • POTENTIAL TO ADD DENSITY VIA CONSTRUCTION OF ADUS ONSITE
Trailhead at Tam Junction 4_Property for Sale
Trailhead at Tam Junction 4_Property for Sale

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Last updated
4 Dec 2023