241 Dolores Street

Description

Great New Price! Reduced $500K. Six huge flats plus potential to construct 6 to 8 new units at rear of lot! The property consists of six units that can be used as 4 or 5 bedrooms. These large Edwardian flats boast hardwood floors, built-in cabinets, high-ceilings, decorative fireplaces, and loads of charm. The units are separately metered for gas and electricity. Each unit has its own water heater. There is a recently upgraded 400amp electrical service. At the ground level are four large storage areas, two of which are currently rented on a month to month basis. These spaces offer ADU potential. The building is situated on an oversized lot that is zoned RM1, which may allow for the addition of 6-8 units by building a separate structure on the rear of the lot. Buyer should verify the ability to add units to their own satisfaction. This incredible location provides tenants with easy access to the countless amenities of the Mission District, Mid-Market, and Dolores Park. This is one of the most sought after locations in all of San Francisco. This is a tremendous value at $381 per square foot, over 130% upside in rents, and the possibility to add-value through expansion.