Just Listed

60-62 Sycamore Street
$3,995,000 | 8 Units | Mission

8

Units

13.7

GRM

4.7%

Cap Rate

6,375

Square Feet

60 Sycamore Street is a nicely upgraded and turnkey investment opportunity in the heart of the Mission District. The property consists of 7 two-bedrooms and 1 one-bedroom unit. Two of the 2bd are newly added ADU with high-quality finishes and radiant floor heating. There is parking for two-cars that is accessed at the rear of the building via Clarion Alley. The common areas are charming and boast hardwood floors and period detail. The apartments have functional floor plans with high-ceilings and receive great natural light. The units are separately metered for gas and electricity. The six original units have individual forced air furnaces and hot water heaters, keeping operating expenses to a minimum. The owner has recently completed installation of new electrical service, fire sprinklers at the ground-level, and an upgraded fire alarm system that has low-frequency sounders in sleeping areas. Five of the units are currently vacant and can be rented as-is or improved upon by a new owner to exceed market rent projections. This is an excellent opportunity to purchase a great asset with highly-upgraded systems and structure, leaving no major improvements needed in one of the city’s best rental locations.