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Listed by Malin P Kansal Golden Gate Sotheby's International Realty
$3,590,000
Est. payment /mo
8,712 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,712 sqft
Price per Sqft $412
MLS Listing ID 425029298
HOA Y/N No
Year Built 1910
Lot Size 2,400 Sqft
Acres 0.0551
Property Sub-Type Mixed Use
Property Description
Opportunity Knocks! Distinctive 34-unit with full basement, building with pride of ownership and great tenant profile. This mixed-use South of Market property combines opportunity + upside. Seller Rate Buy Down Available. Two Commercial Units. An attractive option for investors looking for a balanced steady income producing asset. 32 Residential Dorm-Style Single Room Occupancy (SRO) Units. Most rooms upgraded w/tons of opportunity for additional upgrades. Three floors of units - each floor is complete with shared bathroom and showers. 2 commercial units: Commercial Unit (#66) Leased $200k in Upgrades. Commercial Unit (#68) Leased to corner grocery store business, $400k in Upgrades including ADA Compliant Bathroom. Full Basement (Vacant) with usage TBD. Excellent standard of building maintenance. Also well managed. Great addition to any property portfolio. A true must-see. Don't miss this opportunity! CAP Rate NOW 4.72% and GRM NOW 14.20 ; Pro Forma CAP Rate 8.51 and GRM 9.27 Dynamic SoMa Location on 6th! Corner building near downtown. Shopping, BART, MUNI, Cafes, Restaurants, Night Spots, Social Services all here. Immersed in many NEW buildings and neighborhood features. Opportunity to create a trophy building.
Location
State CA
County San Francisco
Area Sf District 9
Interior
Fireplace No
Window Features Display Window(s)
Building
Lot Description City Lot, Neighborhood, Near Public Transit, Restaurant Nearby, Shopping Nearby
Level or Stories Basement, Other
New Construction Yes
Others
Tax ID 3703027
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