NEWLY Remodeled 11 UNIT Mixed-Use Turn Key Apartment Building located at 449-451 9th Street with pride of ownership throughout. Anchored by a high vis/high traffic street retail 500 SqFt cafe/commercial space.
Residential includes:
- 10 1BR/1BA apartments with tremendous upside in under-market rents.
- 6 completely renovated units within the last 36 months.
- Tremendous income upside potential.
- Turnkey with completed soft story and fire alarm upgrades
- Too many upgrades to list including a newly remodeled backyard and lobby
- All units are individually metered for gas and electric
- On-site laundry with App-based pay
- One storage unit per apartment
Ground Floor Commercial Space includes:
- Infrastructure for food prep/food service
- 3 Compartment Sink w/ Drain Boards, Grease Trap, Mop Sink, Etc.
- Private restroom (non ADA)
Residents enjoy a great location half a block from Trader Joe's and Costco and a short distance from major retailers and employers such as Adobe, Twitter HQ, Discord, Air B&B, REI, Patreon, and Target. Plus Stellar walk, bike, and transit scores.
**CAP RATE Pro Forma w/ 100% Occupancy
Video Tour:
https://youtu.be/n9Qc2IMzt64