Sold Over Asking!
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Marina 4 unit investment. Built in 1926, this marina style building consists of four spacious 1 – Bedroom apartments. Unit #2 is vacant. This property is in original condition featuring hardwood floors, lots of natural light and excellent location. Separately metered, 3-4 car garage, backyard, storage rooms.
Marina income properties are rarely available. This solid investment is in a strong rental location. With only 9 four unit buildings sold in the Marina within the past 10 years this is an excellent opportunity to add to your portfolio or for a first time investor. Close to Chestnut, Fillmore and Union Street shops and restaurants, Marina Green, Crissy Fields, Presidio, Fort Mason, Golden Gate Bridge, public transportation and much more.
Note:
Property Statement with Income and Expenses are available on Multiple Listing Service (MLS) in Doc Box OR agent can email you a statement.
Marina
Properties for sale in the Marina neighborhood of San Francisco are some of the most sought after in the city. At the foot of the Golden Gate Bridge, San Francisco begins here, where the city meets the bay. The Marina district is of course home to a large marina and its fleet of exotic yachts. But landlocked residents in the multi-million dollar homes of the Marina appreciate the sun swept views, the walking, running, and biking trail that runs along the bay, and the wide open grassy Marina Green that's in constant use by kite fliers, volleyball and soccer players. All those joggers and spandex-clad bikers you see racing through Marina Green probably just came from The Sports Basement, a large and low key sports and athletic retail outlet just steps away in the Presidio.
The main attraction in the Marina is the Palace of Fine Arts, a Roman Classic monument designed by Bernard Maybeck for the Panama-Pacific Exposition in 1915. The rotunda, massive columns and lagoon complete with swans are a favorite place for wedding photographers and travel magazines to get their iconic pictures.
Just east of the Marina is Fort Mason, a former Army outpost that now houses a vibrant cultural arts center that features art openings, galleries, and in the Cowell Theater, dance performances and theater. A famers market, a food and wine festival that attracts thousands, and Greens, one of the first restaurants to offer haute vegetarian cuisine all operate out of the old Army depot buildings at Fort Mason.
Received 10 offers, resulting in a sale 18% over the asking price of $1,700,000. The sold price was $2,020,000.
The Family Trustee and Debbie have known each other for over 15 years. The Trustee has consulted with Debbie in the acquisition or sale of 8 properties, residential, commercial and investment. The Trustee pleased with the sale said,
"Thank you for making this complicated transaction easy. I appreciate how you present options allowing for quick decisions. Your professionalism is apparent with your precise marketing strategy, vendor list, superior negotiation skill, handling the tenants with care and putting them at ease. Having you on my advisory team makes my job a lot easier."
Questions or to schedule an appointment for property valuation:
Contact Debbie Hemingway - 415.640.1487
dhemingway@paragon-re.com
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Debbie Hemingway |
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