Mixed-Use Turn Key Apartment Building only $235K Per Unit! Located at 449-451 9th Street and anchored by MooKoos Turkish coffee and desserts, in the Heart of SoMa with great freeway access. Pride of ownership throughout. Residents will enjoy a great location with a short distance from major retailers and employers such as Adobe, Twitter HQ, Discord, Air B&B, REI, Patreon, Target, and half a block from Trader Joe's, Bed Bath & Beyond, Pete's Coffee, and Costco, with stellar walk, bike, and transit scores. Many recent upgrades, such as the San Francisco soft-story upgrade completed in 2020, a newly renovated lobby, turfed and private outdoor area, upgraded centralized fire alarm system in 2023, and much more. A fantastic opportunity to purchase a high-visibility mixed-use property in the Heart of SoMa with tremendous income upside potential. Zero delinquency throughout COVID.
Residential includes:
- 10 1BR/1BA apartments with tremendous upside in under-market rents
- 6 completely renovated units within the last 36 months
- Tremendous income upside potential
- Turn key building in Great Neighborhood
- Too many upgrades to list w/ pride of ownership throughout
- All units are individually metered for gas and electric
- On-site laundry with App-based pay
- One storage unit per apartment
**CAP RATE Pro Forma w/ 100% Occupancy
Video Tour:
https://youtu.be/n9Qc2IMzt64