$2,500,000 | 5 UNITS | Lower Haight

Just Listed

688 Haight Street

5

Units

4.7%

Cap Rate

15.3

GRM

4,950

Square Feet

688 Haight Street is a five-unit mixed use property located in the vibrant Lower Haight neighborhood. The building consists of four residential units and a ground-floor commercial space. The residential units consist of one 4bd/1ba full-floor flat and three one-bedrooms apartments. Two of the one-bedrooms
have been recently remodeled with quality finishes and in-unit laundry. The commercial tenant, Sunrise Grocery, has operated a successful convenience store for many years from this location. The operator has recently made the decision to retire and will be vacating June 30th.  This provides the buyer the ability to utilize the space for their business, or find a new operator to lease the space. The sellers have approved plans for a 2bd/2ba ADU to be built at the ground-level in the rear of the building. There is also the possibility to expand and improve the commercial space instead. This extremely convenient location provides tenants with easy access to NOPA, Haight-Ashbury, Divisadero, Hayes Valley, the Castro, and Upper Market. There are numerous options for public transportation, restaurants, bars, and nightlife nearby. This level of convenience allows an owner to attract quality tenants in any rental market.