Get Ready For A Bidding War. Vacant Cole Valley 2 Unit Building Hits MLS (806-808 Cole)
I’ve been riding my bike by this building for better part of four weeks (school started) watching it get prepped and cleaned, and today it’s finally revealed to us on MLS. It certainly doesn’t have that “wow” factor we recently saw on Brokerick, but I expect there to be a bit of buzz around this property. After all, it’s vacant, needs a little TLC, could be occupied by a family upstairs looking for income potential downstairs, and the location doesn’t get much better.
I’m not the only one expecting some activity either. According to the “agent only remarks” hidden from all of you (who luvs ya), “the property has already been appraised for an amount over the asking price.” Which begs the question, why not just ask a price closer to reality and save a bunch of people a bunch of time?
I know the answer, do you?
–2 Units on Cole Street, in Cole Valley, $1,150,000 [MLS]
–Cole Valley Comparables [MLS]
–Got Color? [theFrontSteps]