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INVESTOR'S DREAM PROPERTY
Just imagine you could own a multi-unit building in one of the best locations in San Francisco. And then imagine you could collect market rent from more than half of all units. And the price for this building would be less than $3M.... Think it's impossible? We got it for you!
This 9 unit building is located in the heart of NOPA. Just a block away from famous Divisadero neighborhood with beloved cafes, restaurants and a shuttle route to Silicon Valley. Six studio apartments and three 1 bedrooms will make a great rental for any young professional who would love to live in this neighborhood.
Cap rate - 1.19%. Unheard of! Priced at $2,595,000, this this just $360/SqFt - you can't build cheaper than this!
But the best part is that 5 out of 9 units are vacant! So you can collect the highest market rent, which starts at $2,300 in the area. Plus there are 3 parking spaces. I bet you won't be able to find anything better than this!
Limited showings! Don't delay!
CALL NOW 415-923-7628
BUILDERS THIS IS FOR YOU!
Builders and contractors with wild imagination will really appreciate this fire sale in Excelsior neighborhood. But let's start with a comparable.
A house across the street - with 7 bedrooms, newly built, was just sold for almost $1.7M! Located on the exact same lot size.
This property is listed at $499,000! Now, do you see why this would make a deal of the year?
CALL NOW 415-923-7628
To get more information about the above properties or your other real estate needs please call us today
415-923-7628
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