106

559-561 24th Avenue

3
$1,450,000
SOLD

Features

  • Four-Unit Building on Prized Block
  • $68,166 Annual Income
  • Two 2-bedroom Units, Two 1-bedroom Units
  • Separately Metered for Gas/Electric
  • Hardwood Floors
  • All Units Tenant Occupied
  • Tranquil Shared Garden
  • Lot Size is 25×120 Sq. Ft. (per tax records)
  • Sunny Atrium
  • Common Laundry
  • Large Basement
  • Three-Car Garage
  • Near Shopping, Dining and Transportation
  • Close to Golden Gate Park

Description

On the market for the first time in more than sixty years, this well-maintained four-unit building in the Central Richmond District is a fantastic opportunity for both investors and owner-occupants. The property features two 2-bedroom/1-bath units and two 1-bedroom/1-bath units arranged around a sunny atrium on an oversized lot. The building also features a large basement, common laundry and 3-car garage. All units are tenant occupied with $68,166 in total annual rental income; there is significant upside in the rents. The units have separate gas and electric meters–owner pays water and garbage. Very near Geary Boulevard shops and restaurants, transportation, and Golden Gate Park.