This SF home is listed for less than $500,000, but there’s a big catch
Why might prospective buyers not occupy the home until 2053?
Prospective buyers might not occupy the home until 2053 due to the current tenant's "possible occupancy rights" that could extend until that year. The tenant also has rent restrictions and an unconventional method of rental payment. These factors contribute to the delay in occupancy for potential buyers.
What are the monthly rent payments of the current tenant?
The current tenant of the property at 30 North View Court in San Francisco's Russian Hill neighborhood pays a monthly rent of $416.67. The tenant has possible occupancy rights until 2053 and rent restrictions with an unconventional method of rental payment.
How long was the property on the market before receiving an offer?
The property at 30 North View Court in San Francisco's Russian Hill neighborhood was on the market for 13 days before receiving an offer. The home, listed at $488,000, attracted attention due to its low price, despite the unusual condition that the buyer may not be able to occupy the house until 2053.