About
This mixed use three unit building is an excellent opportunity for owner occupied, investors, or AirBNB users. Located in the wonderful Central Richmond district. Steps to transportation, shopping, Golden Gate Park, high ranked schools, the Legion of Honor, Lincoln Park Golf Course, Baker Beach, Sea Cliff and Park Presidio. Delightful three VACANT remodeled units features a large commercial space in the approximately 1,300 sq.ft. on the ground floor plus two residential units upstairs. The top unit consists of three bedrooms, one and a half baths plus Den and home office. The lower unit consists of two bedrooms, two baths and a den/home office. Projected income of $174,000 per year with 6% cap rate.
Income & Expenses and Financial Overview
Ground floor
Commercial
Vacant
$5,000
Middle Unit
Two bedrooms two baths plus home office/den
Vacant
$4,500
Upper Unit
Three bedrooms, 1.5bath plus Den and home office
Vacant
$5,000
Monthly Projected Income $14,500
Projected Yearly Income $174,000
Expense Type:
Amount:
Property Tax
$26,550
Insurance
$3,485
Electricity
600
Water
252
Maintenance
1200
Total Annual Expenses:
$32,087
Estimated Expenses
Financial Overview
Price per square foot $ 572
GRM 12.93%
Net Income: $141,913
Cap rate: 6%
Gallery
Overview
- Price: Offered at $2,250,000
- Living Space: 3934 Sq. Ft.
- Bedrooms: 5
- Baths: 4.5
- Lot Size: 2500 Sq. Ft.