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$1,998,000 | 4 UNITS | INNER RICHMOND

Just Listed


724 8th Avenue

4

Units

4.3%

Cap Rate

14.4

GRM

3,600

Square Feet

724 8th Avenue is a pride of ownership investment opportunity in the Inner Richmond. The property consists of four one-bedroom apartments that have classic San Francisco charm. The units boast hardwood floors, high ceilings, tasteful updates, and great natural light. Each floor plan is nearly identical with a large living room and separate alcove that makes a great home office, nursery, or walk-in closet. The bedrooms are connected to the living room via French doors, offering flexibility in how the space is used. The garage can accommodate independent parking for 3 cars. The property is conveniently located near Fulton Street, Golden Gate Park, and all of the shops, restaurants, and nightlife in the Richmond district. Owned by the same family for almost 50 years and professionally managed, the property has been maintained to a high standard. The main electrical panels have been updated and indicate 400 amps of service. The units are separately metered for gas and electricity, keeping operating expenses low. This is an excellent opportunity to purchase a turn-key asset with upside potential in a sought-after rental location.

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