5.1 Cap Rate! Unique NNN Investment in SF. This 3 unit building has been fully renovated and Master Leased by Starcity for the next 7 years (w/ 5 year option). Located in the heart of North Beach consisting of 11 bedrooms, 3 full baths, 3 half baths, 2 kitchens, 1 kitchenette and laundry facilities. Developed by www.Starcity.com who is a pioneer in a new real estate category called coliving, a subset of the multi-family real estate asset class with hospitality service. Each tenant enjoys a fully furnished private room and spacious living rooms. All utilities included, ultra fast wifi, weekly cleaning and optional community events. NOI of $240, 000 annually.
CONTACT AGENT
Richard Kaluza