The tenant may be able to occupy the space until 2053, per the real estate advertisement.
A San Francisco home in a high-end neighbourhood, usually worth millions, is priced under $500,000. However, the current tenant may stay for some time before the new owner can move in.
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• A 3-bedroom home in San Francisco’s Russian Hill neighbourhood is on the market for $488,000, significantly below the median asking price of $1.2 million.
• The property is an “as-is sale” and spans 3,200 square feet.
• The tenant currently pays $416.67/month in rent and is responsible for garbage, water, and PG&E bills.
• The tenant’s lease may grant occupancy rights until 2053, according to the listing.
• The property features one full and one-half bathroom, a living room fireplace, and a one-car garage.
• The backyard is fenced in.
• The listing agent calls it an “excellent investment opportunity” but notes that the seller does not guarantee access to the property.
Serena Williams’ former California home is on the market for $13.5 million, with the current tenant paying $416.67 in monthly rent and utilities.
The tenant’s lease includes long-term rent rate restrictions and possible occupancy rights until 2053. The median asking price for homes in San Francisco is $1.2 million, while the average rent is $3,250 per month. The home’s listing is currently pending.
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The Edwardian-style house was described as an “excellent investment opportunity for just the right buyer” in the listing, although access to it was not guaranteed by the seller.
It has a fireplace in the living room, a single-car garage, and one full and one-half bathrooms. The back of the property has a fenced-in garden as well.
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