$2,399,000 | 4 UNITS | Inner Richmond

Available

427 8th Avenue

4

Units

3.4%

Cap Rate

17.9

GRM

3,850

Square Feet

Owned by the same family for over 50 years, 427 8th Avenue is a charming four-unit building in the Inner Richmond.  This property consists of four large one-bedroom units.  Each unit has a large alcove that makes for a great home-office or sleeping room.  There are spacious entryways and rooms, hardwood floors, covered-ceilings, and high-ceilings throughout.  The units are bright and cheerful.  There is a large gararge that can accommodate two cars independently or up to four in tandem with lots of room left for storage.  The garage and one apartment are currently owner-occupied and will be delivered vacant.  There are storage lockers behind the garage that offer additional income potential.  Tenants have shared use of a spacious and quiet backyard.  The units are separately metered for gas and electricity, heat is supplied through gas wall heaters, and each unit has their own water heater, so operating expenses are minimal.  Located just a few doors from Geary Boulevard, this is an incredibly convenient location.  Transportation to downtown and throughout San Francisco is easily accessible.  Tenants have a plethora of options for shopping, dining and nightlife along Geary and Clement Streets.  This is a turn-key investment in a highly-desirable rental location.  Don't miss this rare opportunity!