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Listed by Adam D Filly Compass Commercial
$ 5,500,000
Est. payment | /mo
20 Beds
8,500 SqFt
$ 5,500,000
Est. payment | /mo
20 Beds
8,500 SqFt
Open House
Tue Sep 29, 9:00am - 11:00am
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $647
MLS Listing ID 426165348
Bedrooms 20
HOA Y/N No
Year Built 1916
Lot Size 2,809 Sqft
Acres 0.0645
Property Sub-Type Multi Family
Property Description
830 Hyde Street is a completely modernized 9 unit apartment building in a vibrant Nob Hill location. Following a fire at a neighboring property, the building underwent an extensive rehabilitation that was completed in 2016. The project included the replacement of all major building systems and a comprehensive renovation of the apartment interiors and common areas, resulting in a highly improved and turn key multifamily asset. The property features a desirable unit mix consisting of four 2bd/2ba apartments, four 3bd/2ba apartments, and one studio. One of the 2bd/2ba units will be delivered vacant. Additionally, buyers should investigate the possibility of legalizing a 10th unit located off the lobby, which will also be delivered vacant. Priced at a 5.2% cap rate with approximately 45% upside in rents, 830 Hyde Street combines strong current income with substantial future growth potential. Its modernized condition and low operating expenses provide for ease of management and reduced ongoing maintenance requirements. The central Nob Hill location provides tenants with convenient access to Downtown, Civic Center, and the neighborhood's many surrounding amenities.
Location
State CA
County San Francisco
Area Sf District 8
Interior
Fireplace No
Building
Lot Description None
New Construction No
Others
Tax ID 0280018
Acceptable Financing Other
Listing Terms Other
