$2,300,000 | 6 UNITS | RICHMOND
414 26th AVENUE
Price Per SqFt
Price Per Unit
Stabilized Cap Rate
414 26th Avenue is a well-located six unit investment opportunity. Located in the Richmond District of San Francisco, the property offers great income potential and easy management. The building consists of six one-bedroom apartments. The units are well-sized with functional floor plans. Tenants pay for their own electricity and heat. Landlord pays water and garbage. The seller completed the soft-story seismic retrofit in 2018. Overall the building has been maintained to a high-standard, leaving little deferred maintenance for a new owner. Some rents have not been increased for several years, thus banked rents are available to the new owner. Additionally, three of the tenants are on Section 8 vouchers at rents below the Housing Authority payment standards. In some instances the Housing Authority will allow these rents to be increased to the payment standard, which is currently $3,198 for a 1bd in San Francisco. Buyers should investigate this possibility to their own satisfaction. This is an excellent opportunity to purchase a clean and well-maintained property in a great rental location.