BEST ANSWER
Chris,
Where did you see that it is for sale - I'm curious?
You sure can negotiate! If it's for sale *and* you've got more than 35% - 40% downpayment in cash and solid cash reserves! Tax records show it is as an eight unit property. That kind of property is exempt from the typical 1-4 unit HUD lending guidelines and only a few portfolio lenders would touch it.
I know the block pretty well and sold the property a few doors at 417 Ashbury not that long ago... Looking forward to hearing from you!
All my best,
Mike Ackerman, CRS, e-Pro
Zephyr Real Estate
ABZ@ZephyrSF.com
415-695-2715
Fri Oct 16 2009, 18:51