868 Shotwell Street

Description

First time on the market in 30 years. 868 Shotwell Street is a Five-Unit Multifamily property in the heart of the vibrant Mission District neighborhood of San Francisco. The handsome Italianate Victorian has charming period details, high ceilings, spacious front and rear yards and excellent curb appeal. The 36-foot-wide lot gives the building good frontage and presence. It offers investors immediate upside through the implementation of banked rent increases, allowing for up to a 23.7% increase in rents, as well as significant upside upon unit turnover. The building consists of 1 two-bedroom/one-and-half-bathroom, 2 two-bedroom/one-bathroom, and 1 Jr one-bedroom/one-bathroom. Units number 5 and 3 have loft-style bedrooms. The Units get good natural lighting. Currently, 4 out of 5 units are occupied. There is a vacant two-bedroom unit giving a new owner the opportunity to move in rent the unit. The property has individual water heaters and is separately metered for gas and electricity. Recent capital improvements include an exterior paint job, two water heaters, and sewer line replacement. Call listing agents for complete Offering Memorandum