Investment Real Estate Services

SOLD: 11 Unit Multi Family Investment Building – Lower Nob Hill

– SOLD

– 11 Units

– Year Built: 1909 *

– Total Sq.Ft.: 7,464 sq. ft. *

– Excellent Location

– 5.1% CAP Rate

– Separately Metered for Gas & Electric

– Low Maintenance

– HUGE Upside Potential in Rents

969 Pine Street is an 11 unit multi-family investment property located on Pine Street just below the top of Nob Hill. The building was built in 1909 according to tax records and features ten one bedroom units and one larger two bedroom unit. Five of the units have been remodeled with high quality finishes. In general, the building has been very well cared for and appears to be in good condition.

The property features, tar & gravel roof (in working condition), original stained glass windows throughout the common area, a small laundry room, and new exterior stair cases. In addition, the property features upgraded electrical and is individually metered for gas and electric. There is also 9+ storage units on the ground floor that are currently not being rented out (one is rented for $50/mo.).

The property’s location in the Lower Nob Hill area is ideally suited for upwardly mobile renters. The building is surrounded by various forms of public transportation and is situated just a few blocks from both the Financial District and Union Square.

The building is in very good condition, 100% occupied and ideal for an investor looking for a turn-key operation with huge rental upside potential.

Click HERE for marketing statement.



Comments are closed.