New Listing - 371 Turk Street

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Price                  $5,950,000
Units                  26 ($228,846/Unit)
Building Size   16,100 sq ft ($370/sq ft)
Cap Rate           4.08%
GRM                   14.07
Stories               7
Construction   Concrete
Year Built         1927

371 Turk is a 7 story, concrete building built in 1927.   The property consists of (7) One-Bedrooms, (1) Jr. One-Bedroom, (17) Studios, and (1) Retail unit. The property has been enrolled in the Ratio Utility Billing System (RUBS) program to minimize expenses and help assure future tenant reimbursements will keep pace with rising costs. It is separately metered for PG&E. The property is located on Turk Street (between Hyde and Leavenworth) just off of Market St. 371 Turk is an add value opportunity with significant upside in rents and located in a rapidly improving Tenderoin location.

Source: http://www.holyokealexander.com/371-turk-s...