Think about the primary morning you get up inside your new home within the Russian Hill neighborhood of San Francisco. An AI robotic rolls in to ship you breakfast in mattress. You’re feeling good. The 12 months is 2053. You made the precise resolution. Almost 30 years in the past, you bought the three-bedroom, one-bath home on North View Court docket for approach underneath its market worth — at simply $488,000. However there was a catch — you couldn’t transfer in for 29 years, as a result of a tenant had a long-term rental settlement that lasted into the second half of the twenty first century. That’s a potential future for anybody significantly within the new itemizing from Park North Actual Property brokerage.Lengthy traces shaped to tour the occupied home, in keeping with KFSN-TV. Whereas it isn’t clear who the tenant is or how precisely they negotiated their 30-year-lease, Park North did say the proprietor of the home died lately on the age of greater than 100. The tenant additionally pays properly beneath market price hire — simply over $400 monthly for the spacious home. “Tenant’s present lease seems to grant tenants robust long-term hire price quantity restrictions, unconventional methodology of rental cost, and potential occupancy rights till 2053,” the brokerage wrote within the itemizing. “Vendor & itemizing agent don’t assure entry to the house and STRONGLY suggest patrons evaluate the vendor disclosure package deal/addenda and talk to a San Francisco landlord/tenant legal professional BEFORE making supply.”Douglas Lee, an actual property agent with Compass, mentioned the home in San Francisco is a perfect spot for somebody to “land financial institution” — which means somebody who doesn’t intend to make use of or develop the property till a few years out. “You sit and wait till that tenant both dies, vacates or the lease ends,” Lee mentioned. “As soon as that occurs, you notice a ton of your potential. That’s a very good buy for belief fund folks. Should you’re shopping for it on your child who’s like zero or 1, in 18 years you understand that this factor shall be about prepared to comprehend.”The Edwardian-style residence on the hill is just not the brokerage’s solely unusual and low-cost itemizing. The corporate additionally options what it known as a “hearth sale” for a $188,000 apartment. The catch? “Property is gutted right down to the studs as a result of hearth. Excellent alternative for a Contractor, Investor or House owner who’s keen to pay CASH. Please use warning when viewing as there are uncovered development supplies. No entry to the non-public deck as slider is broken from hearth,” the brokerage wrote.