Description
599 Athens Street is a corner mixed-use property (2 residential + laundromat) in San Francisco's Excelsior District. The property consists of one (1) 2-bedroom/2 bathroom unit and one (1) 1 bedroom/1 bathroom unit on the second floor - both of these units are currently leased. The ground floor is a launderette business - the tenant signed a 10-year lease in 2015 with 3% annual increases and has a 10-year option. The neighborhood is best known for its rich multicultural history with easy access to parks, public transportation, and a dynamic set of retail amenities nearby. The investment appeal of 599 Athens Street is its entry-level pricing plus significant upside potential in rents.
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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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2,000SQFT
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$450$/SQFT
School Ratings & Info
Description
599 Athens Street is a corner mixed-use property (2 residential + laundromat) in San Francisco's Excelsior District. The property consists of one (1) 2-bedroom/2 bathroom unit and one (1) 1 bedroom/1 bathroom unit on the second floor - both of these units are currently leased. The ground floor is a launderette business - the tenant signed a 10-year lease in 2015 with 3% annual increases and has a 10-year option. The neighborhood is best known for its rich multicultural history with easy access to parks, public transportation, and a dynamic set of retail amenities nearby. The investment appeal of 599 Athens Street is its entry-level pricing plus significant upside potential in rents.
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