Exceptionally spacious legal six unit! Oversized lot, Over 6000 sf interior, Generous front units feature three bedrooms, one bath. Comfortable rear units feature one bedroom, updated kitchens and baths. All hardwood floors, All masonry property, Beautiful vintage details, newer windows, great light. Expansive full lengthattic presents opportunity for two additional units. Full unfinished basement. 3/4 car parking in rear uncovered.
Projected stabilized rents of approx. $1,750/month for the larger 3-bedroom units and $1,350/month for the 1-bedroom units, estimated gross scheduled income is approx. $111,600/year. After a 5% vacancy factor and estimated owner-paid expenses including taxes, insurance, water/trash, repairs, and reserves, projected stabilized NOI is approximately $69,000–$74,000, implying an estimated 12.0%–12.9% cap rate at list.
Nearby 26th Street corridor reinvestment, including Xquina Incubator & Café, Savannah Square, and small-business/corridor improvement initiatives, further supports the long-term rental-demand thesis.
Estate sale. Rare opportunity to cash flow immediately. One unit occupied (2R) by long time tenant.