Description
Exceptional Mixed-Use Building located in the heart of Cow Hollow. Fantastic opportunity for an owner-user, investor, or 1031 exchange. The building consists of a large, VACANT ground floor commercial space (close to 2200 square feet) with attached basement + storage (offering over 2400 additional square feet). 13 residential units above (fully leased at or near market rents). 1 - 1bed/1bath unit & 12 - efficiency studios with their own private bathrooms. Vacant Commercial Unit - scheduled income is approximately $5.00/sq.ft./month = $10,500/month. Residential income = $17,237/month. Total monthly income = $27,737. Total yearly income = $332,844. GRM = 15.8, Cap Rate = 4.3. In addition, fully maintained convenient elevator in building. Located in the HOT Triangle Corridor, within steps to all the most popular restaurants, boutiques, fitness studios, nightlife & everyday amenities that Chestnut, Union, and Fillmore streets have to offer. *Building is exempt from the soft story retrofit
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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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6,912SQFT
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$760$/SQFT
School Ratings & Info
Description
Exceptional Mixed-Use Building located in the heart of Cow Hollow. Fantastic opportunity for an owner-user, investor, or 1031 exchange. The building consists of a large, VACANT ground floor commercial space (close to 2200 square feet) with attached basement + storage (offering over 2400 additional square feet). 13 residential units above (fully leased at or near market rents). 1 - 1bed/1bath unit & 12 - efficiency studios with their own private bathrooms. Vacant Commercial Unit - scheduled income is approximately $5.00/sq.ft./month = $10,500/month. Residential income = $17,237/month. Total monthly income = $27,737. Total yearly income = $332,844. GRM = 15.8, Cap Rate = 4.3. In addition, fully maintained convenient elevator in building. Located in the HOT Triangle Corridor, within steps to all the most popular restaurants, boutiques, fitness studios, nightlife & everyday amenities that Chestnut, Union, and Fillmore streets have to offer. *Building is exempt from the soft story retrofit
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