WILL BE THREE VACANT OUT OF SIX**PARKING FOR 3-5 CARS This is a six unit Romeo, first time on market in over 50 years. Built in 1907 contains a full basement with parking for 3/5 cars and a large rear yard with mature fruit trees. All units are 4 larger rooms that can be used as one or two bedrooms and all have split bath except one. Eat In Kitchens. Three tenants have very low rents so there is rent upside. THREE VACANCIES. Systems, i.e., plumbing, electrical, heating are original and in need of updating. Individual water heaters in each unit, most are new. Building presents a good opportunity for Owner occupants who may be interested in tenant in common ownership. Other Showings by appointment by Agent. Seller IRS Section 1031. Property identified. Please use Fidelity Title Escrow # 532159-AC.

Neighborhood is Mission Dolores area and has seen much property activity in recent years. Low income housing next door has been razed and new buildings with a better, more screened tenant mix is rising in its place. It will have private not housing authority property management. A 4 unit condominium development a few doors away sold each unit for an average of $1 million dollars. There are many other conversions to unit ownership in the immediate area and a similar building without parking ajacent to subject recently sold for $1.3 million. Close to shopping and public transportation and new freeway entrance.

Asking Price  $1,199,000

mitchell tannenbaum

415-621-1600 x3  OR 415-235-4830 cell
mitchgm@gmail.com