Reduced Price! Now offered at 12.6 GRM and 5.9% Cap Rate. This 5-Unit mixed-use property is on the western end of Potrero Hill. The building consists of two large remodeled 4bd flats, two storefront retail, and a large basement office space. The building underwent significant structural and system upgrades in 2013, including but not limited to; a new foundation, new roof, new electrical and new plumbing. The two apartments are large with quality finishes, in-unit laundry, and outdoor spaces with views. The 4bd/3ba unit will be delivered vacant. The two storefront retail spaces are occupied by art galleries with leases expiring in July 2024. The large basement office space is leased through 2022. This is a turn-key asset that allows an investor to realize an immediate return on their investment with upside potential remaining. It would also make a great owner-user opportunity with an excellent income stream. Close to Mission, Potrero Hill, Mission Bay, and SOMA.
|Price Reduced (from $3,995,000)||$3,750,000||$245,000 (6.13%)|
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