Nestled within coveted Glen Park lies an unique investor opportunity of 3 units, in 2 buildings, and a developable lot.
246 Bemis Street:
List Price: $1,899,000
A 2-unit building in front and a 1-unit stand-alone cottage in the back.
246 - 2BD/1BA with car pad parking and nice views
246A - 1BD/1BA vacant unit nice outlooks to the City, Valley & Bay
246B - 1BD/1BA cottage with open floor plan located behind the front building
Each unit has wood floors and newer appliances including dishwashers. All units have been updated and each features dedicated laundry services. They are separately metered for gas and electricity and have separate heat. The property also includes a 1 car garage, currently being used for additional storage, that could potentially be converted to an ADU unit, increasing the value. Full feasibility report, by CityStructure, shows potential expansion of the building to maximize its use, to add to the owner's unit, or for more rental units.
The property is fully tenant occupied with great rents.
256 Bemis Street:
List Price: $599,000
Developable lot located adjacent to 246 Bemis.
This is an excellent opportunity for a developer to build out an amazing home for owner-occupier or additional income units in an A+ location.
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A full feasibility report, by CityStructure, shows potential expansion of the existing building (246 Bemis) and options for developing the lot (256 Bemis).
These properties can be purchased independently or as a complete package. The location is walking distance to Glen Park's restaurants, shops, cafes and services, including BART and quick access to I-280/101.
