SOMA SF, CA Location - Great Value ADD potential and also income producing 15 Units

[Michael Morrongiello]

3 Level,  Recently Updated, 15 Units, Collaborative Living Property -Potential to get to $22K+/- GROSS MONTHLY RENT
Great SOMA-South of Market Location (one of the HOTTEST areas in SF in the past), close to South Park, also Oracle Park, and
the ON RAMP to I-80 and the Bay Bridge

A Description of the property, units, and amenities:
Room amenities include bed, nightstand, rug or hard surface flooring and closet.
Property amenities include 3 common kitchens (one on each level),
some common areas- a small living room, private bedrooms, 5.5 TOTAL bathrooms
divided up on each of the 3 levels, washer and dryers, outside patio
and deck areas on each level, wifi connectivity throughout and bike storage.
The common areas and kitchen are furnished including television with cable,
Netflix and the internet. There is a backyard outside deck and stairway off each of the 3 levels of the Building.
The subject's site consists of approximately 2,000 SF or approximately 0.05 acres of land.
The site is generally rectangular in shape and is level with a slight slope.
Significant RECENT renovations and upgrades were completed in 2018.
The Subject property does not have any onsite parking.

Currently 11 of the 15 Units are rented and the property is producing $16,600 in GROSS monthly income

Formally Appraised 3-2023 with an Estimated Stabilized Value of $2,640,000
We are Seeking $1,650,000 to SELL (that is < Less than $377.00 per square foot for this 4,500
square foot - 3 level property in VERY GOOD updated condition)

Serious Inquiries ONLY - For more details - contact Michael @ # 707.939.9450