A deteriorating, tenant-occupied home in San Francisco's Bret Harte neighborhood recently sold for $265,000 after being listed for $449,000 just two months earlier. Previously foreclosed and sold for $187,500, the property presents a significant investment opportunity despite its condition. Marketed as a home with expansion potential and desirable features like a sun-lit attic and large garage, the sale underscores the influence of the rental situation on market transactions and the critical impact of price reductions in a challenging real estate environment.
This run-down San Francisco property, listed for $449,000, sold for $265,000 after significant price cuts, exemplifying the challenges of tenant-occupied homes.
Despite the home's apparent disrepair and tenant-occupied status, it closed quickly due to a massive price reduction, highlighting market dynamics.
#san-francisco-real-estate #tenant-occupied-properties #price-reduction #investment-opportunity #home-sales
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