Priced to sell at 10.8 GRM - 5.5% Cap Rate. 565 Ellis Street is a 17 unit building near Civic Center and the Van Ness Corridor. The property consists of 16 studios and 1 commercial space. Most of the studios have been nicely remodeled in the recent past, including the 8 units that will be delivered vacant. The units have hardwood floors, stone countertops, shaker cabinets, and double-paned windows. The commercial space is occupied by a courier service who has been a tenant for about 10 years. There is new carpet and paint in the common areas, providing welcoming feel for the tenants. This is a great opportunity to purchase a turnkey asset that provides both cash flow and upside.
