Description
Prime 8-unit multi-family two buildings on one lot with an excellent tenant profile. Located on a sought-after block in highly desirable Mission Delores area with a short stroll to sunny Mission Dolores Park or BART. True turn-key property consisting of seven 1-bedroom/1-bath units each approximately 800sf and one 2-bedroom/2-bath unit. Capital improvements include exterior painting, most recent unit remodeled kitchen, bedroom, and bath 2019 and full seismic soft story retrofit 2016. Seven units feature split bath/toilet for privacy, hardwood floors, gas appliances, lots of storage including bicycle hooks in the basement, and washer and dryer available to all. All units currently rented and the building averages 1% or less annual vacancy rate. While spanning over 6600 SF, this enclave offers a tremendous income opportunity for investors of >$240K per year and CAP rate of ~4.5% and well-maintained building with low expenses. Both pest inspections and building inspections are available
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0BEDS
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0.08ACRES
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0BATHS
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01/2 BATHS
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6,630SQFT
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$633$/SQFT
School Ratings & Info
Description
Prime 8-unit multi-family two buildings on one lot with an excellent tenant profile. Located on a sought-after block in highly desirable Mission Delores area with a short stroll to sunny Mission Dolores Park or BART. True turn-key property consisting of seven 1-bedroom/1-bath units each approximately 800sf and one 2-bedroom/2-bath unit. Capital improvements include exterior painting, most recent unit remodeled kitchen, bedroom, and bath 2019 and full seismic soft story retrofit 2016. Seven units feature split bath/toilet for privacy, hardwood floors, gas appliances, lots of storage including bicycle hooks in the basement, and washer and dryer available to all. All units currently rented and the building averages 1% or less annual vacancy rate. While spanning over 6600 SF, this enclave offers a tremendous income opportunity for investors of >$240K per year and CAP rate of ~4.5% and well-maintained building with low expenses. Both pest inspections and building inspections are available
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