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$2,600,000 | 8 Units | Nob Hill

JUST LISTED

1684 Washington Street

$322,222

Price Per Unit

11.4

GRM

5.5%

Cap Rate

7,208

Square Feet

1684 Washington Street is an 8 unit apartment building situated just off of Polk Street in Nob Hill. The property consists of 7 one-bedrooms and a studio apartment. Four of the units are occupied by relatives and will be delivered vacant (a rentback for one unit may be necessary). The units have spacious rooms with hardwood floors and great closet space. Some of the kitchens have been upgraded with newer cabinetry and granite countertops, and some baths with porcelain tile. The units are separately metered for gas and electricity. All of the electrical panels are brand new as of January 2025. Heat is supplied by steam boiler, which is new as of June 2024. Both water heaters were replaced in 2021. The roof was replaced in 2019. The property is compliant with the sleep alarm ordinance. Overall the building has been maintained and cared for to a high standard, offering a turn-key investment for a new owner. This is an excellent rental location just off of Polk Street, offering easy access to shopping, bars, and transportation.

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