This week I put 233 Glen Park Avenue in San Rafael on the market. Here’s the MLS description:
“Tremendous opportunity to own an updated duplex close to Dominican College! Rent out both units to generate cash flow, or live in one and rent out the other. The downstairs two bed, two full bath unit was extensively was remodeled in 2019 featuring new kitchen and baths with wood cabinets and quartz countertops, all new wood flooring and paint. Also from 2019, a new roof and new exterior siding among other upgrades. The lower unit features two large lawn areas and its own deck. Upstairs is light and bright, with two beds and one recently remodeled bath. The upper unit has also been painted, and the kitchen has granite counters, a new hood and range, a neat breakfast nook, wrap around decking with views and its own personal patio. Both units have had mini-splits added this year for heat and A/C, they both have their own laundry rooms, their own water heaters, they are on separate water and electric meters, and they have dual pane windows. This is a very special duplex, in a very convenient location with easy access to the 101, shopping and hiking/biking trails.”
You might be thinking, is this the right time of year to be selling real estate? In our San Rafael Coldwell Banker office meeting this week we talked about all the listings that have been going into contract and how much buyer activity is on the market. The short answer is, “Yes, this is a good time!” It helps that one of the units is vacant. The other choice was to rent out the vacant one and wait until the spring to try selling, however it’s a lot easier to sell a property when buyers and agents can come in and see it without having to schedule showings around tenants.
In my experience duplexes don’t sell as fast as single family homes or condos. It takes an investor who wants to rent both units, or someone who wants to live in one unit and rent out the other. It’s a great alternative to owning a condo because you don’t have to deal with the rules and regulations of a home owners association, and you aren’t subject to increased HOA dues and assessments. You can work on the property when you want to, not when the HOA tells you it’s time and takes your money.
I’ll be open this Sunday from 1-4pm, and if you are interested I can show the property anytime.
*** Thank you for reading my blog! If you or any of your friends and family ever have any real estate questions, please feel free to contact me at andyfalk2112@yahoo.com or 415-250-8025. I’m always happy to help!