111-115 Carmel Court | DUPLEX

Quality side-by-side duplex in the low hills behind downtown Novato; close to downtown and its shops and restaurants, but worlds apart. Both units are a 2BR/1.5BA townhouse design of approximately 1,300sf. Each apartment features a 2-car garage with private washer and dryer hookups, forced air heating, and individual hot water heaters. There are small decks off the dining area and the master bedroom opens to a large deck and fenced backyard.  Apartments are separately metered for, and tenants pay for their own PG&E and water.

Carmel Ct is a side-by-side two-story townhouse-style duplex built in 1985. It has a slight downhill setting offering views over the neighboring properties.

The building is wood frame construction with a concrete tile roof. Heat is provided by individual gas-forced air furnaces located in the lower-level storage area. This storage area also houses the two hot water heaters. Kitchens include a refrigerator, dishwasher, electric stove, and disposal. Each unit features a 2-car garage containing a washer, dryer, and large fenced-in backyard areas.

Both units appear to be in overall good condition with many appliances, bathrooms and lighting upgraded. Both furnaces were recently replaced. Windows are dual pane.

111 Carmel is on a month-to-month tenancy and 115 Carmel has a one-year lease through June 2023. Rents are close to market but still about 10% below full market potential leaving an upside for a new owner to consider.