665 Eddy Street
Property Description
665 Eddy Street is a 48 unit apartment building located in San Francisco's Tenderloin district. The property consists of twenty one 1bd/1ba, twenty four Studio, two 2bd/1ba, and a commercial space. There is garage parking for five cars in two separate garages. The units have generous floor plans with hardwood floors, high-ceilings, and great natural light. The upper floors have nice outlooks over the City. The majority of the units were updated within the past 8 years, helping to keep turnover costs to a minimum. The apartments are separately metered for gas and electricity and heat is supplied by individual wall heaters in order to lower landlord expenses. The main electrical panel indicates a 600 amp service. There is also an elevator for the tenant's convenience. The property is located a few blocks from Civic Center, making this an extremely convenient location. Public transportation, restaurants, and nightlife are all within walking distance. Priced at a 8.2% cap rate and $257 per square foot, this asset is priced to sell and will provide immediate cash flow for a new owner.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $7,250,000 |
| No. of Units: | 49 |
| Building Size: | 28,200 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $147,959 |
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Brokers
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Remax Professionals
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Jared Ennis
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Rick Recckio
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Eamonn McConnell
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Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout