Description
This is a rare opportunity to purchase a fully rented Dolores Heights 3-unit property with two separate buildings accessed by Chattanooga and Mersey streets. The Marina style front building on Chattanooga is two full-floor flats and a two-car tandem garage, The rear building is a 2,000 sqft three story stand alone cottage on Mersey street with a large one-car garage and downtown skyline views. A lot split is very likely which will create a single family and a 2-unit that could possibly condo convert. Rents are at market rate $11,300 per month or $135,600 annual, no protected tenants OMI is possible on any unit: $3,300 and $3,500 for the two flats and $4,500 for the cottage. Note that this is a massive 3,668 sqft L-shaped lot, it wraps behind the building next door on Chattanooga.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,224SQFT
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$746$/SQFT
School Ratings & Info
Description
This is a rare opportunity to purchase a fully rented Dolores Heights 3-unit property with two separate buildings accessed by Chattanooga and Mersey streets. The Marina style front building on Chattanooga is two full-floor flats and a two-car tandem garage, The rear building is a 2,000 sqft three story stand alone cottage on Mersey street with a large one-car garage and downtown skyline views. A lot split is very likely which will create a single family and a 2-unit that could possibly condo convert. Rents are at market rate $11,300 per month or $135,600 annual, no protected tenants OMI is possible on any unit: $3,300 and $3,500 for the two flats and $4,500 for the cottage. Note that this is a massive 3,668 sqft L-shaped lot, it wraps behind the building next door on Chattanooga.
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