Standardized Operating Procedure of Purchase

829 Fillmore is a completely rebuilt rooming house with 38 rooms, 5.5 bathrooms, and one 1 bedroom apartment. The entire building was renovated in 2018 including a completely rebuilt roof, redesigned floorplan, with newer utility systems, and a sprinkler system (fire suppression system). There are 3 newer boilers (One for each floor) with multiple zones. The electrical service, panels, and wiring are all newer, with each floor having its own subpanel and each room having its own circuit breaker. The certificate of occupancy is current, and the rooming house licensure is in good standing. Management can be transferred. Priced at a 15% caprate with a detailed income and expense sheet available. Coin operated laundry in basement. This is a very clean, efficient, well planned asset, and a meticulously maintained building.