11 Commodore Marina Active Save Request In-Person Tour Request Virtual Tour
Mill Valley,CA 94941
Key Details
Property Type Manufactured Home
Sub Type Floating Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $1,107
MLS Listing ID 325018421
Bedrooms 4
Full Baths 4
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1967
Lot Size 583 Sqft
Property Sub-Type Floating Home
Property Description
This completely remodeled 4-Unit Houseboat is in a perfect location for visitors, just two blocks from the first Marin Airporter stop, a Golden Gate Transit stop leading to the Sausalito Ferry terminal and San Francisco beyond, and the only stop for the Muir Woods State Park tour bus. Even closer is the only company in the Bay Area offering Seaplane and Helicopter Tours of San Francisco, the Golden Gate Bridge and Marin County. Each unit features a raised platform bed to overlook open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors and a private outside deck area. There is also over 1000 sq. ft. of climate-controlled storage in the barge below decks with a commercial washer/dryer to allow for quick rental change overs. The Houseboat has been approved by the Commodore Marina as a short-term rental since September of 2022. All units have consistently maintained occupancy rates over 80%. Gross rental income in 2024 was $415,030, making the GRM just 3.84 years at the bidding start price, The NOI was $285,993, making the Cap Rate 17.9%.
Location
State CA
County Marin
Area Sausalito
Rooms
Dining Room Dining Bar
Kitchen Breakfast Area,Laminate Counter,Pantry Closet
Interior
Heating Heat Pump,Radiant
Cooling Heat Pump
Flooring Simulated Wood,Tile
Exterior
Exterior Feature Storage Area
Parking Features Assigned
Garage Spaces 4.0
Utilities Available Cable Connected,DSL Available,Electric,Individual Electric Meter,Internet Available,Solar
Roof Type Composition
Building
Foundation Other
Sewer Sewer Connected
Water Water District
Construction Status Updated/Remodeled
Others
Senior Community No