Re: San Fran M-F Hits Market
How can you make money in a deal like this?
(I ask out of my ignorance of how "upscale" markets work)
The Clay Park Towers, located at 1890 Clay St., is currently listed at $39.95 million, a price of about $540,000 per unit. The 10-story building is located on approximately one-fifth of an acre in the city. Around half of the units in complex are one bedrooms, and 40 of the 74 units are fully furnished. The building operates as a short-term corporate rental property, with minimum stays of 30 days.
PS: I know nothing about SanFran so I assume, based on the article's comments, this is a great location and the land is probably worth A LOT
Last edited by andviv; Jul 17th, 2008 at 10:41 AM.
Reason: added PS
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