$2,995,000 | 17 Units | Civic Center 

In Contract

565 Ellis Street

$176,176

Price per Unit

10.8

GRM

5.5%

Cap Rate

7,052

Square Feet

565 Ellis Street is a 17 unit building near Civic Center and the Van Ness Corridor.  The property consists of 16 studios and 1 commercial space.  Most of the studios have been nicely remodeled in the recent past, including the 8 units that will be delivered vacant.  The units have hardwood floors, stone countertops, shaker cabinets, and double-paned windows.  The commercial space is occupied by a courier service for around 10 years.  There is new carpet and paint in the common areas, providing a welcoming feel for the tenants.  This is a great opportunity to purchase a turnkey asset that provides both cash flow and upside.