A very rare opportunity to own an absolutely beautiful 5 unit building in a terrific “Westside” location! This property has been extremely well taken care of and offers an outstanding unit mix (including a large two bedroom owner’s unit with it’s own two car enclosed garage). Tenants pay their own PG&E – as well as their own water. Rents are month to month and there is definitely “upside” potential. Each unit has individual storage (and other than the owner’s unit), individual carports. There is also a complex laundry room with “coin operated” machines. The location is hard to beat, close to shopping, freeways, public transportation (including the train and BART), several parks, San Francisco International Airport and so much more. Additionally, the neighborhood is impeccable. Surrounded mainly by well-kept single family homes, the Poplar Avenue property is a rare opportunity indeed. Unit Mix Unit #1 2 Bedroom - 1 Bathroom (One car carport parking) Unit #2 2 Bedroom – 1 Bathroom (One car carport parking) Unit #3 Studio – 1 Bathroom (One car carport parking) Unit #4 One Bedroom – 1 Bathroom (One car carport parking) Unit #5 Two Bedroom – 1 Bathroom (Two car enclosed garage) Current Gross Rents: $74,100.00 (Annualized) Current (Approximate) Laundry Income: $1,450.00 (Annualized) Projected Gross Rents: $82,680.00 Approximate Expenses - 2007 Insurance $2,728.00 Professional Fees $925.00 Repairs $3,396.00 Property Tax $2,559.00 Utilities $2,251.00 Total Approximate Expenses: $11,859.00 (Annualized) *Note: Call for a Profit and Loss Statement from 1/1/08 through 8/31/08 According to Public records, the building square footage is 4,920 and the lot size is 5,000 square feet. The roof is only a few years old, the exterior paint is pristine and the building has been extremely well maintained.
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