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  • San Francisco, CA 94110

  • 3,741 SqFt
  • Single Family Home / Rent To Own

Property Details for null St, San Francisco, CA 94110

Features

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Description

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

The opportunity at 10 29th Street, San Francisco consists of two (2) commercial condominiums for sale located on the corner of 29th & Mission Streets. Situated in the highly desirable Bernal Heights neighborhood of San Francisco, both upper and lower condos are currently occupied by a single, long-standing San Francisco restaurant operator doing business as Good Frikin Chicken. The current lease term expires in less than one year (August 31, 2020), and the tenant has one five-year renewal option at a fair market rent. This may provide an investor the ability to achieve an attractive return in less than one year. In addition, the property provides an opportunity to an owner-user seeking a second-generation restaurant with all existing infrastructure. The existing tenant has indicated that they would be willing to sell their business and/or FF&E to a potential buyer (via a separate transaction.) This well-located asset offers an opportunity to both potential investors and owner-users.

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