About 11 Commodore Marina None
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%.
Features of 11 Commodore Marina None
| MLS® # | 325018421 |
|---|---|
| Price | $1,747,000 |
| Square Footage | 1,440 |
| Acres | 0.01 |
| Year Built | 1967 |
| Type | Manufactured In Park |
| Sub-Type | Floating Home |
| Status | Active |
Community Information
| Address | 11 Commodore Marina None |
|---|---|
| Area | Sausalito |
| City | Mill Valley |
| County | Marin |
| State | CA |
| Zip Code | 94941 |
Amenities
| Features | Storage Area |
|---|---|
| Parking Spaces | 4 |
| Parking | Assigned |
| Has Pool | No |
Interior
| Interior | Simulated Wood, Tile |
|---|---|
| Heating | Heat Pump, Radiant |
| Cooling | Heat Pump |
| Fireplace | No |
Exterior
| Windows | Dual Pane Full |
|---|---|
| Roof | Composition |
| Construction | Ceiling Insulation, Fiber Cement, Floor Insulation, Wall Insulation |
| Foundation | Other |