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Listed by Eymon Binesh • Marcus & Millichap • 650-391-1700
$2,475,000
Est. payment /mo
7,047 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,047 sqft
Price per Sqft $351
MLS Listing ID ML82049753
HOA Y/N No
Year Built 1908
Lot Size 2,284 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
677 Ellis Street presents a rare opportunity to acquire a fully renovated, turnkey 14-unit apartment building in the heart of San Francisco. Comprised of fourteen studio residences, the property offers investors an attractive 6.83% current CAP rate with stable in-place income and minimal deferred maintenance. Recent capital improvements include brand-new electrical throughout the building, while the units have been extensively renovated with high-end designer finishes, creating a modern living experience that appeals to today's urban renter. This is an ideal opportunity to own a quality, low-maintenance asset in one of San Francisco's most supply-constrained rental markets at only $176,000 per unit!
Location
State CA
County San Francisco
Interior
Heating Natural Gas
Cooling None
Fireplace No
Building
Water Public
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Eric & Janelle Boyenga
Realtors DRE01254724 / 01254725
Realtors DRE01254724 / 01254725