Coming back on the market in 30 days. Updated duplex zoned residential & commercial to be delivered vacant. An upper 4 bedroom unit & a lower 2 bedroom unit + a commercial space, gives rare flexibility to have a home & office (office, retail, art, child care, cannabis & light manufacturing are allowed). The residential space can have up to 7 bedrooms and 3 bathrooms. There is a shared yard & a deck for the upper unit. Bright, tasteful units with in-unit laundry, new kitchens/baths and new appliances. Wiring for internet, cameras & a hot tub. 1-2 cars can fit in the garage & 1 outside. Strong SOMA rents are projected at $7,500 for the top, $5,500 for the lower & $3,000 for the commercial space ($192,000/year, 15.1 GRM, 5.2% cap rate). There is potential for a large roof deck with amazing views. Note that buildings with one residential unit are not subject to rent control. Duplexes can convert to condos after 1 year. A Target Store is planned at Folsom & Division streets.
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