Description
154-164 8th St. is a terrific valued-add opportunity consisting of 14 units, 2 commercial and 12 residential units. The excellent unit mix with FIVE vacant units (four residential and 1 commercial) affords the new owner the opportunity to immediately increase the propertys cashflow. Pro-forma estimations have the building operating at 11.2 GRM and a 6% CAP RATE. Seismic retro fit completed in 2016. Corner location gives the property excellent long-term development potential, rounding out a wonderful SOMA investment.
Description
154-164 8th St. is a terrific valued-add opportunity consisting of 14 units, 2 commercial and 12 residential units. The excellent unit mix with FIVE vacant units (four residential and 1 commercial) affords the new owner the opportunity to immediately increase the propertys cashflow. Pro-forma estimations have the building operating at 11.2 GRM and a 6% CAP RATE. Seismic retro fit completed in 2016. Corner location gives the property excellent long-term development potential, rounding out a wonderful SOMA investment.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-03T15:28:14.757. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or EQTY | Forbes Global Properties. Licensed in the State of California, USA.