Excellent income generating 5-unit property located in the Outer Sunset neighborhood of San Francisco, which is known for its laid-back atmosphere and proximity to the beach. A few blocks from Golden Gate Park, Ocean Beach, and Judah's main commercial corridor. There are two buildings on the lot which have a total of (1) Studio, (3) 1 Bedroom 1 Bathroom, (1) 2 bedroom 1 bathroom. The property is offered at a 4.05% cap rate (16.07 GRM), 6.55% Proforma cap rate (11.13 GRM), $390k/Unit, & $629/SF. This property generates great cash flow from day 1 while also having great upside potential due to rental upside. There is also potential upside to raising tenants' banked rents for stronger cashflows. This is a unique opportunity to purchase a large well-maintained, low-expense building with strong upside potentials in a highly desirable location. Disclosure Package & OM: https://app.disclosures.io/link/13641368-47th-Ave-t0px1ho0
Listing courtesy of Howard Ran from Howard Realty
Listing courtesy of Listing Agent: Howard Ran () from Listing Office: Howard Realty.