236-240 Armour Avenue

236-240 Armour Avenue


South San Francisco, CA 94080

$3,075,000 Marketing Sheet

236 and 240 Armour Avenue, located in South San Francisco, California consists of two (2) charming six (6) unit apartment buildings in the Sterling Terrace neighborhood of South San Francisco.

The buildings combine for twelve (12) units, consisting of eight (8) one-bedroom/one-bathroom units, and four (4) two-bedroom/one-bathroom units. The property offers twenty-four (24) parking spaces with one (1) covered parking space, and one (1) uncovered space for each unit. The property provides tenants with one (1) dedicated storage unit, and both 236 and 240 Armour Avenue are equipped with one (1) coin-operated washer & two (2) dryers; adding an additional $375 dollars of income each month. The property is also separately metered for both gas, and electricity.

236 and 240 Armour Avenue were both built in 1957, and sit on a combined 11,780-square foot lot. Both buildings are two (2) stories high, constructed on a reinforced concrete foundations, feature wood siding exteriors, and have concrete parking surfaces. Both buildings roofs were replaced in 2013 with 25 year warranted asphalt composition shingles. Other capital improvements completed in 2013 include: new gutters, and dual-pane windows for all twelve (12) units.

Cap Rate: 4.00% NOI: $140,093 Livable Sq. Ft: 9,507

Built in 1957 12 units Lot Sq. Ft: 11,618

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