Yerba Buena BMR First-Time loft 701 is a rare, stunning Below Market Rate home, sold by Mike Broermann of Group MB Real Estate in San Francisco.
Upgraded wood floors, a large patio, and an in-unit washer and dryer fill the unit. In addition, amenities and a great location near Whole Foods, the Metreon, and Yerba Buena Gardens add everyday convenience.
Because this is a BMR unit, buyers must be first-time homebuyers who meet income eligibility limits set by the Mayor’s Office of Housing. As a result, the program offers a rare path to ownership in a landmark building.
Yerba Buena BMR First-Time Program Details
Applicants need loan pre-approval, a homebuyer education certificate, and a completed SF Purchase Contract. Additionally, the unit is subject to resale controls and ongoing monitoring through the city program.
Mike Broermann has represented multiple BMR buyers in this South of Market loft community over the years. Buyers who want an affordable path into this building continue to seek out units like this one.
See more San Francisco loft listings from Group MB, or learn more about the neighborhood on the South of Market Wikipedia page.