Fantastic investment opportunity in Central Richmond! This 7-unit art deco building is clean and well-maintained. The six apartments in the main building offer 864-879 sq ft, featuring 1 bed/1 bath with a spacious living room that can be used as a second bedroom. The cottage at 607 is a two level 1 bed/1 bath home with balcony. This convenient location at 24th and Anza offers quick access to all the restaurants and groceries on Geary Blvd and Clement Corridor, and to public transit via MUNI 5, 5R, 29, 31, 38, and 38R. Just blocks away from Golden Gate Park and The Presidio.
Great potential to increase cash flows and return as 2 units are vacant with a potential 3rd unit to be delivered vacant. Gross scheduled income is $192,156 with a cap rate of 6.90% and GRM of 10.40.
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