Sausalito - Duplex
110-112 Buchanan
$721,000

Sausalito duplex with views to Richardson’s Bay. Incredible opportunity for the buyer willing to get their hands dirty. Property requires some TLC and fix up and is priced accordingly. Good size 2BR/1BA apartments with fireplaces, F/A heat and large view decks. Carport parking and shared laundry.

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Buchanan Drive is a two block area in the northern part of Sausalito offering duplexes on the downhill side of the street and single family home on the upper. Most locations offer views to Richardson Bay.

The duplex is two stories of two bedroom-one bath flats; each being approximately 1000 sq ft. The units feature fireplaces, large decks, F/A central heat and individual hot water heaters. There is covered carport parking for two cars with extra storage closets for each tenant. There is also a shared laundry facility in the carport. Units are separately metered for PG&E.

The current owner has started a program of remodeling the apartments and will leave its fulfillment to the new owner. Some new dual pane windows and sliding doors have been installed and the remaining are on site ready to be installed. There are a number of areas of repair that are needed to the property and would be an ideal project for the contractor or “value added” buyer. Inspection reports are available.

This is being offered as a “Short Sale”. At the asking price, there are not sufficient funds available to pay off the existing loans. Any sale accepted by the seller will be subject to obtaining the existing lenders approval of the sale and acceptance of a payoff of less than owed. The lenders have approved a prior sale and it is anticipated that a sale will be approved at this price, but cannot be guaranteed. Buyers should be well qualified and be willing to inspect and accept current condition of the property without any firm assurance that a sale will transpire.

From the northern most Sausalito exit of 101, south on Bridgeway to Nevada Street. Right two blocks to Buchanan, then right approximately two blocks to property.

Property is owner occupied and easy to see Monday – Friday, 9-5 or by appointment other times. Brokers have access to the lockbox system.