Sunday, March 9, 2008
Inner Mission Painted Lady
We have a wonderful new listing in the Inner Mission, and we just finished our first weekend of open houses. It is a wonderful two unit Victorian building located on Capp Street at 24th; just one short block away from the BART station! This is a true Victorian, built in 1890, and retains all of the wonderful charm and details of its era including high ceilings, hardwood floors, stained glass windows, moldings, medallions, bay windows, and much more.
Also included is a two car garage with plenty of extra storage space, a laundry area, and a private patio. Both units will be delivered vacant making it the perfect partner opportunity. Remember, if both units in a two unit building are owner occupied, you can bypass the lottery after one year of owner occupancy and convert to a condominium. This conversions gives you a ten to fifteen percent boost in value. You can also purchase the entire building and use the second unit for extra income which is what the current owners are doing.
This building was put on the multiple listing service on Friday. That same day, we had three private showings. Both Saturday and Sunday we had between 60 and 70 parties come through, and we gave out a handful of disclosure packages. A huge majority of the people I saw this weekend are serious buyers; not many just passing by. That first weekend on the market is crucial. I also think it is important to be open both days, because we had many repeat visitors on Sunday.
886-886A Capp Street is offered at $899,000
The units are also offered as separate TIC interests:
886A Capp (the lower unit) is offered at $430,000
This unit is 1 bedroom/1 bath/1 car parking
886 Capp (the upper unit) is offered at $469,000
This unit is a 1+ bedroom (second room is perfect for office or nursery)/1 bath/1 car parking
We will open for broker's tour on Tuesday, March 11th, from 2-3:30pm
We will also be open next weekend:
Saturday, March 15th, 1-4pm
Sunday, March 16th, 1-4pm
Unless we are already in contract...we will keep you posted!