Built in 1920 and gut renovated in 2018 208a Calyer St. is a unique opportunity to capitalize on the strongest rental market in history. Current rents are far below market and property can be delivered vacant as early as August 2022. This property offers an ideal 1031 exchange live income or passive 5 cap rate investment. The turnkey property is comprised of three floor-through fully updated sun filled one bedone bath units which are easily convertible to shareable spaces to add value.Offering a loft-like feel with nearly 10ft ceilings and huge windows on every floor the property allows abundant natural light to pour into the EastWest facing property. Currently co-owned by a group of friends the property was painstakingly reimagined using the highest quality finishes and fixtures at every opportunity. Finishes include stainless steel appliances gas ovenstove tops LED dimmer switch lighting quartz countertops in kitchens and bathrooms goose-neck kitchen faucets double drywall on nearly all walls for sound and insulation all entry and unit doors are fire rated.As you approach the property youre greeted by a classic facade and front garden for bike parking. The first floor unit flows perfectly and offers direct access to a nearly 400sqft private garden off the livingdining area. A converted WFH space large kitchen with breakfast bar and large bedroom complete the unit. The second and third floors feature incredible natural light open kitchens additional closet space and large primary bedrooms. The basement has also been fully remodeled to offer incredible space for storage and has half bath as well as an additional hookup for a washerdryer
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