Investment Real Estate Services

Off Market: 114-118 Varennes St – Telegraph Hill Investment Property

114 Varennes St

– List Price: Off-Market – Please inquire

– Three full floor residential flats

– Full basement with laundry

– Excellent Telegraph Hill location

– Owner/User potential

– TIC conversion potential

– Call for Offers: Wednesday February 19th at 12:00pm

114-116-118 Varennes Street is a three unit multifamily investment property located in one of San Francisco’s most sought after locations: Telegraph Hill. The building was built in 1907 according to tax records and features three full floor residential flats, and a full basement with laundry machines. In addition, the top floor flat has been remodeled. The other two flats are in original condition with long term tenants.

The building is separately metered for gas and electric. The property sits perched up an alley just off Union Street with views of the downtown skyline. The building is in very good condition with a recent full paint job and very little deferred maintenance.

Given the excellent location and condition, and the fact that each full floor flat will contains it’s own address and entrance, 114-118 Varennes represents a tremendous opportunity to an owner/user, an investor, and even a TIC developer.

Download the full property statement HERE.

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