1247 Fulton Street is a Nine unit Edwardian apartment building. The property is located steps away from Divisadero Street and is one of the city’s most desirable locations. The unit mix is 1 Three-Bedroom, 1 One-Bedroom, 2 Jr. One-Bedrooms, 1 One-Bedroom, 5 Studios, plus an Unwarranted Efficiency. Some of the Studios and Jr. One-Bedrooms can be converted to One-Bedrooms or Jr. One-Bedrooms upon turnover. One unit will be delivered vacant. The apartments and common areas are charming, with high-ceilings and period detail. There is a beautifully landscaped backyard for all of the tenants to enjoy. The building is presently separately metered for gas and electricity. However, as it was previously master-metered for electricity, units 5, 9 and 4(the unwarranted efficiency), are the last units that remain connected to the house meter, with the landlord responsible for their electricity costs. Heat is supplied
through a steam boiler. There is on-site coin operated laundry for the tenant’s convenience. This is a Tier III Soft-Story Building. Plans have been submitted to DBI and work to be completed by new owner by 9/15/2019.
This property offers tremendous upside potential to the next owner and a rare opportunity to buy just a few doors down from the most desirable strip of Divisadero Street. The ability to walk to places like The Mill, Nopa, 4505 Meats, Little Star Pizza, The Independent, The Emporium, and countless others will keep these units in the high-demand.
