$1,595,000 | 4 UNITS | MISSION DISTRICT
Just Listed
48 Sycamore Street
4
Units
11.3
GRM
5.5%
Cap Rate
2,950
Square Feet
48 Sycamore Street is a four-unit investment opportunity in the heart of the Mission District. This turn-key investment consists of four 1bd/1ba apartments. Two of the units have an additional room that makes for a great home office. Each apartment has been nicely updated with in-unit laundry, marble countertops, tile backsplashes, stainless appliances, tastefully updated baths, and newer windows throughout. They also
maintain much of their vintage charm with brick fireplaces, wood floors, and beamed ceilings.
The building systems were also recently updated with a new 200-amp electrical service in 2013, tankless water heaters, and furnaces in each apartment. In 2009 an expansion of the existing garage was completed, which included installing structural steel reinforcement. There is a garage that can accommodate two cars independently. The property has a second frontage on Clarion Alley which provides access to an additional garage and unwarranted cottage, both of which are vacant. This structure may offer upside through development potential or make
a great workspace (buyers should investigate possibilities to their own satisfaction). Conveniently located between Mission and Valencia Streets this is your chance to own a great building in a vibrant and desirable Mission location. Priced to sell at an 11.5 GRM and 5.5% cap rate.