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Listed by Cris Lamas Urban Capital SF
$2,600,000
Est. payment /mo
8 Beds
5,500 SqFt
Open House
Tue Sep 01, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $472
MLS Listing ID 426156439
Bedrooms 8
HOA Y/N No
Year Built 1932
Lot Size 2,587 Sqft
Acres 0.0594
Property Sub-Type Mixed Use
Property Description
1884-1886 Market St is a six-unit mixed-use building in the Upper Market corridor. With banked rent increases available which brings the cap rate to 6.06 percent once the banked rent increases are applied. Four two bedroom apartments over two commercial spaces, built 1932, approximately 5,500 square feet on a 2,587 square foot lot with frontage on Market. The four residential units are identical 750 square foot two bedroom, one bath plans, all remodeled. Commercial runs approximately 2,500 square feet: 1,000 on the ground floor fronting Market and 1,500 on the lower level. The commercial space has a dedicated 200 amp service independent of the residential system, so food service, fitness, and wellness users can take occupancy without a service upgrade. Both vacant, lease-up underway, commercial rents set to today's market.
Location
State CA
County San Francisco
Area Sf District 6
Interior
Fireplace No
Building
Lot Description Shape Regular
New Construction No
Others
Tax ID 0871006
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