11 bedroom house for sale

Overview

The neighborhood is diverse with office and residential with plenty of retail conveniences on 17th and on 15th nearby

Gorgeous original wood detail and stained glass windows, fireplace tiling, full brickwork, 2nd floor balconies and more in this 1901 Frank Edbrooke Classic Mansion in the heart of the Historic Swallow Hill District. The neighborhood is diverse with office and residential with plenty of retail conveniences on 17th and on 15th nearby. Extra large lot is 7, 300SF which includes a parking lot off the alley, large back deck, large front porch and gardens, as well as a fully fenced side yard. The price is strictly based on current income and a 5 cap rate. This building could offer potential for an owner/user or additional future income or development/expansion. The home itself could be a museum as well it is so nice, so that value is not easily placed. Size alone should say this property should be worth $2M. All four levels have been updated with new flooring keeping original on main floor, fully finished details, claw foot tubs on all levels, 5 non working fireplaces - could easily add gas inserts. 2 furnaces, 2 AC units. fully landscaped with sprinklers. Roof is in good condition but not new. Current Property Taxes are based on commercial use. New buyer should submit a change of use to residential for entire building and taxes would be significantly lower. Possible Uses for this G-RO-3 zoned historic home are 1. multi-family any number of units up to 3 stories, 2. Office 3. Retail or light manufacturing- coffee shop/boutique/daycare/dog grooming/ bar/restaurant/medical/spa/etc. 4. Single family home - add a garage in back or possible ADU with garage underneath (continue to rent basement and/or attic for additional income) Please call the listing agent directly for all showings.