599 Athens Street is a corner mixed-use property (2 residential + laundromat) in San Francisco's Excelsior District. The property consists of one (1) 2-bedroom/1 bathroom unit and one (1) 1 bedroom/1 bathroom unit on the second floor - both of these units are currently leased. The ground floor is a launderette business - the tenant signed a 10-year lease that commenced in 2016 with 3% annual increases and has a 10 year option. Water, electric, and gas utilities are all separately metered. The neighborhood is best known for its rich multicultural history with easy access to parks, public transportation, and a dynamic set of retail amenities nearby. The investment appeal of 599 Athens Street is its entry-level pricing plus significant upside potential in rents.
