Saturday, October 13, 2007

A Classic TIC

With all the innovations in TICs - larger groups of partners, tenant/owner splits, old owners selling off new TIC units one by one - I've come to think of the classic TIC as a renovated older building of 6 units or less, all to be owner-occupied, priced reasonably, in an up-and-coming neighborhood where increasing homeownership can make a difference in the quality of life. Located in Hayes Valley, 75 Lily Street has all that and more - gourmet kitchens, radiant heating, double-paned windows, new electrical, plumbing & roof. Parking is leased.


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