photo 1
bedrooms
bedrooms
0
bathrooms
bathrooms
0
square feet
square feet
9,420
acreage
Acreage
0.0946
open houses
Open Houses
-
year built
year built
1925
full baths
Full Baths
0
half baths
Half Baths
0
225 Jones St is a 20-Unit mixed-use Multifamily building located in the Tenderloin. It is an excellent renovation opportunity with substantial upside for investors who are motivated. It consists of 16 large studio apartments, ranging in size from +/- 350-400 square feet each. 14 of the studios are currently vacant. On the ground level, there are 4 commercial spaces, two of which are occupied by a city favorite, Yemen Kitchen and the other, by the popular Hung Phat Bakery, both are on month-to-month basis. The building is located just around the corner from the Tenderloin Police Station. There is an impressive return on investment for buyers who are ready to renovate and stabilize the asset. Market rents for the renovated studios range between $1,300-$1,400 a month while the commercial spaces command +/1 $1,700 a month. The adjacent apartment building has high occupancy and attracts many interested tenants because of its attractive price point. Our firm has recently placed 5 commercial Tenants in the Tenderloin ranging from nonprofits to small retailers. We currently represent 15+ commercial spaces in the Tenderloin and have been filling properties quickly as interest is high.
Location
Subdivision -
County San Francisco
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 424050627
Listing agent: Mark Fry #DRE #02068463
Listing broker: Maven Commercial, Inc. (415) 781-7700
Last update: Monday, September 2 2024 at 10:46 a.m. EDT
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