*UNDER CONTRACT, ACCEPTING BACKUP OFFERS Prime investment opportunity that offers both immediate returns and potential for future growth! *Seller Finance option! Possible 10% Return *Finance option - conventional loan with 20% down at 6.5% Non-Recourse Key Features: 17 spacious and renovated 1-bedroom, 1-bathroom units Modern finishes and fixtures throughout, including updated kitchens and bathrooms Ample natural light and comfortable living spaces Convenient parking for residents Well-maintained and very well-kept property, with new roofs, and many updates giving the new buyer the option to enjoy great immediate return and potential future growth. current average rent per unit is $970 with some units rents for $1000 and $1150. Holding Expenses: Taxes - $13,578.57 Insurance - $17,000 (per year) Gardner - $3600 (per year) Waste - $320 (per year *Tenants pay for all utilities A seller-financed is offered with the following terms: $977,200 down payment at 5.25% interest only, 7 years balloon ($4812.5 Mortgage monthly payment) No prepayment penalty.
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