Description
Opportunity knocks! PRICE DROP! Distinctive 34-unit with full basement building with pride of ownership and great tenant profile. This mixed-use south of Market property combines opportunity and upside. Commercial units NOW FULLY LEASED! 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 with tons of opportunity for additional upgrades. Three floors of units — each floor is complete with shared bathroom and showers. Two commercial units: commercial unit (#66) leased to Thrasher Skateboard Company, $200,000 in upgrades; commercial unit (#68) leased to corner grocery store business, $400,000 in upgrades including ADA compliant bathroom. Full basement (vacant) with usage to be determined. 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.
