Fourteen one-bedroom units with thirteen parking spaces. Five units recently remodeled and rented at market rate. Clean building, modern construction, low operating expenses. Seller is in process of completing soft-story retrofit, to be completed by close of escrow. Turn-key building with huge upside. Over 90% upside remaining when factoring in the potential to add six units (ADU) and achieve well over 8% cap rate upon completion. Or just buy it and operate at current 5.0% cap rate, either way this is a great opportunity.
Listing Courtesy of: Compass SF, Adam Filly
Neither the MLS nor the MLS members or subscribers have or will verify information in listings which has been obtained from third parties.