Description
Exceptional Mixed-Use Building located in the heart of Cow Hollow. Fantastic opportunity for a developer owner-user, investor, or 1031 exchange. The building consists of a large, VACANT ground floor commercial space (close to 2200 sq.ft.) w/ attached basement + storage (offering over 2400 additional sq.ft.). 13 residential units above (12 units leased at or near market rents, 1 vacant). 1 - 1bed/1bath unit & 12 - efficiency studios w/ their own private bathrooms. Vacant Commercial Unit - scheduled income is approximately $4.00/sq.ft./month = $8,750/month. Residential income = $17,080/month. Total monthly income = $25,830. Total yearly income = $309,960. GRM = 12.9, Cap Rate = 5.4. In addition, fully maintained 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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$578$/SQFT
School Ratings & Info
Description
Exceptional Mixed-Use Building located in the heart of Cow Hollow. Fantastic opportunity for a developer owner-user, investor, or 1031 exchange. The building consists of a large, VACANT ground floor commercial space (close to 2200 sq.ft.) w/ attached basement + storage (offering over 2400 additional sq.ft.). 13 residential units above (12 units leased at or near market rents, 1 vacant). 1 - 1bed/1bath unit & 12 - efficiency studios w/ their own private bathrooms. Vacant Commercial Unit - scheduled income is approximately $4.00/sq.ft./month = $8,750/month. Residential income = $17,080/month. Total monthly income = $25,830. Total yearly income = $309,960. GRM = 12.9, Cap Rate = 5.4. In addition, fully maintained 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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