FOR SALE: Renovated 4-Unit Income Property | High Cap Rate | Turnkey Investment
108 Naglee Avenue, San Francisco, CA 94112
Offered at: $1,998,888
Cap Rate: 7.33% | GRM: 13.14 | NOI: $142,906
Investment Overview:
Presenting a fully occupied, recently renovated 4-unit multifamily property in a high-demand San Francisco neighborhood. This turnkey asset offers strong cash flow, minimal maintenance needs, and a competitive 7.33% cap rate, significantly above the local market average.
All four units have been modernized with approximately $100,000 in capital improvements, including updated kitchens, bathrooms, flooring, lighting, and building systems — reducing future capital expenditures and increasing tenant satisfaction.
Financial Summary:
Gross Monthly Income: $12,669
Gross Annual Income: $152,028
Net Operating Income (NOI): $142,906
Monthly Debt Service (Estimated): $9,900
Cap Rate: 7.33%
GRM: 13.14
Cash-on-Cash Return (Est.): 29.2% (with no debt) or ~4.82% (with financing)
Financing Snapshot:
Loan Amount: $1,599,110 (80% LTV)
Down Payment: $399,778
Interest Rate: ~6.375% | APR: ~6.481%
Loan Type: 30-Year Fixed (Conforming)
Eligible Lenders: Community First Mortgage, SF Federal Credit Union
Positive Cash Flow: ~$2,000/month after debt service
Recent Renovations:
Modern kitchens & bathrooms
New flooring, fixtures, and lighting
Updated electrical, plumbing, and HVAC systems
Exterior improvements and common area updates
Investment Highlights:
Fully occupied, stabilized asset
Located in a strong rental submarket with low vacancy
Professionally managed (6% fee) for hands-off ownership
Off-street parking and tenant-friendly amenities
Below conforming loan limits for easier financing
Rental upside and long-term appreciation potential
Location:
Nestled in a residential pocket of San Francisco, 108 Naglee Avenue offers proximity to public transportation, major freeways, shopping, and schools — making it attractive to tenants and investors alike.
Contact Information:
For additional details, financials, or lender referrals, contact:
Extramile Property Management Company Inc
Info@extramilepminc.com
(415)910-6852
DRE License #: 01830385