Description
Turn key professionally managed multi-unit building in the heart of San Francisco's SOMA District. 5% actual cap rate with almost $18k in actual gross monthly rent roll. The building features 4 Units with a mix of 2 four-bedroom units, one five-bedroom unit, and a large studio 1 bedroom unit. The building is currently rented as an innovative co-living rental model with 14 rooms with varying lease terms allowing for a lower vacancy rate while maintaining optimum cash flow. The building was renovated in 2021, offering a mix of modern design while retaining classic Edwardian features and offering investors a high-demand property in a high-demand area that is turn-key with immediate cash flow. This is an excellent income-generating property in a San Francisco rental market that is accelerating with very strong demand in the immediate area from medical, biotech, and technology tenants.
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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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3,999SQFT
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$850$/SQFT
School Ratings & Info
Description
Turn key professionally managed multi-unit building in the heart of San Francisco's SOMA District. 5% actual cap rate with almost $18k in actual gross monthly rent roll. The building features 4 Units with a mix of 2 four-bedroom units, one five-bedroom unit, and a large studio 1 bedroom unit. The building is currently rented as an innovative co-living rental model with 14 rooms with varying lease terms allowing for a lower vacancy rate while maintaining optimum cash flow. The building was renovated in 2021, offering a mix of modern design while retaining classic Edwardian features and offering investors a high-demand property in a high-demand area that is turn-key with immediate cash flow. This is an excellent income-generating property in a San Francisco rental market that is accelerating with very strong demand in the immediate area from medical, biotech, and technology tenants.
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