NEW Listing & Broker Open! Totally Rebuilt 3 Units Plus Cottage on Deep Lot. $300K+ income, 6%+ CAP Rate, Vacant Cottage and Pkg

1552-1556 Fulton St, San Francisco, CA 94117

$3,800,000

Open Houses:
Tuesday 10/20 11:00am-1:00pm
Wednesday 10/21 1:00-3:00pm
Friday 10/23 11:00am-1:00pm

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This well-located and high-performing four-unit offers tremendous income, low expenses, and the ability to owner-occupy a vacant remodeled cottage with available garage parking. The Victorian front building and separate rear cottage have been extensively rebuilt, including foundation and roof replacements, new water supply lines, electrical wiring, radiant heating, laundries, and luxury baths and kitchens. Expansive floorplates in the front building have been thoughtfully reconfigured for modern living. A new ADU integrates seamlessly with the original architecture, and the standalone rear cottage offers house-like privacy and calm. There is a full, undeveloped attic. This low-maintenance, low-expense property delivers a 6%+ CAP rate, at 12.45 GRM and $676/sqft. UPDATE: Cottage and garage parking delivered vacant at close.

Listing courtesy of Big Tree Properties, Inc.