On the Market: Weekend Open House Report a Little Early
June 9th, 2010
The weekend open house slog is nigh, and we're here to help! Agents, have a listing of your very own? Hustle!
Location:200 Clayton Street, Panhandle
Size: 5 bedroom, 3.25 bath, 4,330 square feet
Price: $1,750,000
Pitch: "This Grand Victorian Home is an incredible piece of San Francisco's Unique Architectural Heritage. A big WOW factor. Well preserved Queen Anne Style house with exquisite original details: Gold Leaf Exterior Details, Stained Glass Windows, Handpainted Bathroom Tiles, Original Carved Wood and Tile Fireplace Surrounds and so much more."
Open House: Sunday, June 6, 2-4 p.m.
Location:1236 Mason Street, Nob Hill
Size: 3 bedrooms, 1 bath, 1,470 square feet
Price: $599,000
Pitch: "It doesn't get any better than a 1470 sq ft 3BR Nob Hill Flat w/ parking for $599K. On Mason near Washington-perfect location w/ short walk/Cable Car to the restaurants, shopping, & nightlife of N. Beach, Russian Hill, Nob Hill & Downtown. New custom kitchen hardwood floors, 2 gas fireplaces, formal dining room, new in-unit gas washer & dryer, new water heater, & views of the Transamerica bldg. Assigned storage & tons of closet space. Ellis Acted in ‘04 - can now be rented. Sterling frac. loans."
Open House: Sunday, June 6, 2-4:30 p.m.
Location:275 28th Street, Noe Valley
Size: 3 bedroom, 2 bath, 1,433 square feet
Price: $739,000
Pitch: "This top floor floor flat has 3 bedrooms, 2 bathrooms, a spacious chef's kitchen featuring a large island with pendant lighting, beautiful honed "leather" finished stone counters, stainless steel appliances, and cherry cabinetry. Gorgeous luxury bathrooms showcase contemporary ceramic & glass tile, granite counters, and polished chrome fixtures. This residence features soaring high ceilings, beautiful walnut floors, wonderful Edwardian period detail, and a stunning landscaped exclusive use garden. This flat is part of a 2 unit building and offers possible fast track condominium conversion. This amazing property is ideally located in the heart of Noe Valley, just steps from wonderful restaurants, cafes, and boutique shopping on bustling Church Street."
Open House: Sunday, June 6, 2-4 p.m.
Call us about NNN:
Although rents are usually lower in triple net leases (NNN) are 'equity investments', rather than 'cash flow investments'. For example, the investor will finance a significant portion of the purchase price on a property and pay the resulting mortgage with the lessee's monthly owed rent. There is usually a small amount left over as monthly profit for the investor (positive cash flow), but the greater investment payoff comes from building equity in the property using the lessee's rent money. The resulting property is then sold after a period of equity-building, usually five years - the typical commercial mortgage term. A bondable lease (also called an absolute triple net lease or a "hell-or-high-water lease") is the most extreme variation of a triple net lease (Net-Net-Net or NNN) is a lease agreement on a property and pay the resulting mortgage with the lessee's monthly.
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