8 unit building in spectacular location. Condo Regime is intact with current owner owning ALL units/could easily reinstate and sell all as condos if a new owner were to choose to do so at some future time. Well-leased/bringing in $6540 in revenue. Owner currently pays $8315.99 per yr in taxes. Owner currently pays $3374.92 per yr in insurance. Owner only pays water (approx $250 per mo). DO NOT TALK TO TENANTS and please stay away from building. Rent Roll and Leases are in Documents. FIRST SHOWING is at the Open House from 3pm-5pm on Tuesday, 1/11/2022 (we will do as well as we can with some tenants undoubtedly claiming that they have COVID/all attendees MUST wear masks). Should we be fortunate enough to receive offers, they will be due by not later than 12N on 1/12/2022 and a decision made on 1/12/2022 at 2pm. Otherwise, unless an accepted offer is in hand, the property will not be shown. We will take offers on the property sight unseen and only with an accepted offer will the property be shown with a 72 hour pending notification to the residents. This is a fully occupied building with four 2BR/1BA units, two 1BR/1BA units and two Studio/1BA units. Preapproval or Proof of Funds must accompany all offers or the offer will not be considered. Current Condo Regime is also in documents for the review of the potential buyer. Property is sold in as is/where is condition, with all faults and with no warranties or guarantees. Seller will make no repairs. Note: Unit #7 is under eviction for illegally subletting his unit.
View full listing details