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$4,700,000 | 9 UNITS | MISSION

Just Listed


2870-2878 Harrison Street

9

Units

11.0

GRM

6.1%

Cap Rate

$438

Price per Sq FT

2870-2878 Harrison Street is a nine unit apartment building in the vibrant Mission District. The property consists of 9 large 3bd/2ba flats. Each unit has a private entrance, providing a house-like feel to the units. Eight of the units were extensively remodeled with a modern aesthetic within the last 10 years. The
remodeled units have high-ceilings, in-unit laundry, gas fireplaces, chef’s kitchens and built-in shelving. While the units are considered to have three-bedrooms, many tenants have used them as four-bedroom over the years. In the backyard there is a nicely finished patio area with a built-in BBQ and seating for the tenants enjoyment. The large lot extends all the way to the famous Balmy Alley, which is filled with a collection of murals. A two-car garage can be accessed from the alleyway. The units are separately metered for gas and electricity. Tenants also pay for heat. This is an excellent opportunity to purchase a turn-key asset with excellent cash flow and upside.

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