A Strong Long Term Investment Candidate
Located in the thick of things in hot Mission/Market/Duboce corridor and with beautiful Edwardian features, this building would be a strong candidate for a long term investment because the rents are solid. The tenant in the middle unit is claiming protected status but with the other tenants seemingly young and many of them, there could be turnover. Gross rent is $115k, cap rate is 4.93% and GRM is 16.45 which is in alignment with these types of buildings. An investor looking to move their 1031 money around is most likely the buyer.