365 and 375 24th Avenue are two adjoining 6 Unit buildings operated and being sold as a package. (parcel numbers 1409/015 & 1409/016). There are 4 2bd, 4 1bd, 4 studios, and parking for 12 cars. This is a unique opportunity to purchase at a very low price per square foot in an excellent Richmond District Location. The sellers have recently completed the soft-story retrofit and are in the process of implementing the Rent Board pass-through. The units are separately metered for gas and electricity. There is coin-operated laundry on-site. The two buildings share an adjoining interior courtyard from which all of the units are accessed. There are no interior hallways, so square footage is maximized and maintenance costs are reduced. With over 110% upside in rents this is a tremendous opportunity for an investor to add-value and improve these assets.
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