40 Buchanan St is a fabulous 12 unit Edwardian apartment building on the edge of Lower Haight & Duboce Triangle. It consists of twelve studio which have a main room and a separate large eat-in kitchen. They all have very large closets which may provide for conversion to 1-bedroom units in the future. The front apartments have large bay windows that allow for great natural light. All the apartments feature kitchens with original white built in cabinets, new vinyl windows, hardwood floors, and high ceilings throughout, which provide abundant natural light. The units are heated by a steam boiler which the owner pays for and they are separately metered for gas and electricity. There is an upgraded 200-amp electrical service to the building. The roof is rolled composite and was replaced in 2021. $333k Per Unit, $542 Per Foot, 3.43% Cap Rate, 17.47 GRM
