101 Noe 111 Street

PROPERTY DESCRIPTION

101 Noe is a beautiful corner Victorian building that consists of eight large flats with private entrances. The building consists of three 4bd, one 3bd (easily converted back to 4bd), and four 1bd. These units boast high-ceilings, built-in cabinets, decorative fireplaces, hardwood floors, and abundant charm. Some of the units have downtown views and private laundry. There are four garages along 14th Street, one of which is vacant. There is also a large storage area adjacent to the rear patio that may offer ADU potential. The building is soft-story compliant with the sellers already completing a rent board pass-through. The units are separately metered for gas and electricity with separate water heaters for each dwelling. With over 100% upside in the rents, and priced at only $501 per square foot, there are multiple avenues through which a buyer can add value. The one is not to be missed!