Description
18 Units multifamily located in North Beach, blocks away from the beach. Attractive unit mix with One Studio, Three 2 bedrooms, and Fourteen 1 Bedroom. Building is currently under renovation. New painting, new gate and new landscaping were done in December 2020. 5 units have recently been updated. Rents are below market value - This building has a strong upside potential. Opportunity to get the property at a discount rate today (under $200/sqft !!!), finish the renovation and increase the profitability easily over a 6 cap. Owner motivated.
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0BEDS
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0.35ACRES
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0BATHS
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01/2 BATHS
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15,430SQFT
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$194$/SQFT
School Ratings & Info
Description
18 Units multifamily located in North Beach, blocks away from the beach. Attractive unit mix with One Studio, Three 2 bedrooms, and Fourteen 1 Bedroom. Building is currently under renovation. New painting, new gate and new landscaping were done in December 2020. 5 units have recently been updated. Rents are below market value - This building has a strong upside potential. Opportunity to get the property at a discount rate today (under $200/sqft !!!), finish the renovation and increase the profitability easily over a 6 cap. Owner motivated.
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