Compass Commercial is pleased to present the opportunity to acquire 868 Shotwell Street, a Five-Unit Multifamily property in the heart of the vibrant Mission District neighborhood of San Francisco. The handsome Edwardian Era building has excellent frontage and provides investors with significant upside upon unit turnover and immediate upside in the form of banked rent increases, which allows for up to a 23.7% increase in rents.
The building consists of 1 two-bedroom/one-and-half-bathroom, 2 two-bedroom/one-bathroom, and 1 Jr one-bedroom/one-bathroom. Units 5 and 3 have loft-style bedrooms. The property features a large backyard, a great outdoor tenant amenity. Currently, 4 out of 5 units are occupied. There is a vacant two-bedroom unit, which allows for an owner-occupier or immediate tenancy.
First time on the market in 30 years, the Edwardian building has handsome periodic details, high ceilings throughout, and excellent curb appeal. The units get good lighting. 36-foot wide lot, gives the building good frontage and presence. 868 Shotwell offers investors the opportunity to purchase an investment property in a central location with tremendous upside potential upon unit turnover, and immediate upside with banked rent increases. The property has individual water heaters and is separately metered for gas and electricity. Recent capital improvements include an exterior paint job, two water heaters, and sewer line replacement. `
Five-unit multifamily property with an excellent unit mix in the heart of the Mission District.
Approximately 59% upside in rent upon unit turn-over
Up to 23.7% banked and annual increases available
Vacant two-bedroom/one-bathroom unit allows for an owner occupier or immediate tenancy
Convenient & central location: walking distance to Bart, Valencia street, Mission District, restaurants, bars, etc.