Mission
$2,800,000
2886-2888 16th Street, San Francisco, CA 94103
7.5
Cap Rate
208,618
NOI
Details:
Highlights:
- Many recent building upgrades
- Long term, stable commercial tenant
- Walk to a ton of amenities
- Walk to 16th Street BART
- Easy access to Highway 101 & 80
Description:
14-unit investment property in the vibrant Mission neighborhood. There are 12 studios, 1 ground floor commercial and 1 live/work style 1-bedroom on the ground floor. Significant upgrades in the last decade enhancing the overall building value and reducing future maintenance costs. Soft story retrofit completed with new steel beams, new concrete footings, a complete basement upgrade with a laundry area. Several of the residential units have been remodeled, with modern finishes and stainless steel appliances. There have been major remodels to units #6, #8, and the live/work space. In addition the building has new exterior paint and a rebuilt back deck and stairs. Unit #4 will be delivered vacant, presenting a valuable opportunity for a new owner to further enhance the building's appeal and increase its rental income.
Documents:
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2886_16th_St_OM.pdf
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Location
Gallery
