$2,475,000
677 Ellis Street presents a rare opportunity to acquire a fully renovated, turnkey 14-unit apartment building in the heart of San Francisco. Comprised of fourteen studio residences, the property offers investors an attractive 6.83% current CAP rate with stable in-place income and minimal deferred maintenance. Recent capital improvements include brand-new electrical throughout the building, while the units have been extensively renovated with high-end designer finishes, creating a modern living experience that appeals to today's urban renter. This is an ideal opportunity to own a quality, low-maintenance asset in one of San Francisco's most supply-constrained rental markets at only $176,000 per unit!
Listed by Eymon Binesh with Marcus & Millichap
MLS Property Type
Commercial Sale
Status
Active
MLS Number
ML82049753
Year Built
1908
Building Size
7,047 sq ft
Units
14
Lot Size
2,284 sq ft
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