This well-maintained 1923 building at 537 Hyde Street presents an excellent opportunity for investors. Offering 16 units, including 7 one- bedrooms and 9 studios, this property provides a solid foundation for strong rental income and long-term appreciation.
Key Features:
• Strong Cash Flow: With a Gross Scheduled Income of $341,630, a 6.5% Cap Rate, and a GRM of 8.8, this property demonstrates attractive financial performance.
• Desirable Location: Located in The Tenderloin, this property benefits from proximity to public transportation, walkability to amenities, and strong tenant demand.
• Well-Maintained Building: This property features on-site laundry and a large, well-maintained yard/outdoor area for exclusive use of tenants, providing a comfortable and enjoyable living environment for residents.
• Investment Potential: This property offers opportunities for value enhancement through potential upgrades and rent increases, further enhancing its profitability.