Davide F. Pio of BCRE is proud to present the 14-unit multifamily asset in San Francisco. A great turnkey investment with low loss to lease, an incoming owner can see quicker upsides in rent through rental increases in conjunction with market growth. For a value-add play as units turn over, the landlord has a proven template for rental upside of modernizing the units for a rent premium.
The property has had multiple upgrades including installation of surveillance cameras, replaced stock drain line, and substantial levels of renovation throughout most units. Low maintenance costs can likely be brought down lower through more efficient upgrades, thereby increasing yields.
Located in the Tenderloin/Lower Nob Hill border of San Francisco, the property is just a few short blocks to an array of restaurants, bars, and activities located in the local neighborhood including Polk Guch.
Representation – Seller & Buyer