665 Eddy St, San Francisco, CA 94109

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 8.8% cap rate and $246 per square foot, this asset is priced to sell and will provide immediate cash flow for a new owner.