Live in one of the units and manage and rent out the other three, this is a unique situation, the HOA has a total of 6 units and 4 of those 6 units are available, at the time of the sale the new owner will be automatically the president of the HOA as the majority voting member of the HOA, currently its set up that all units pay in $100 a month for the maintenance of the common areas, that include walkways, courtyard, and parking, the HOA also maintains the exterior of the building and roof system. The properties are all in good condition, and the building has a newer roof, and all air conditioners have been updated. Currently there are three leases in place and one unit is month to month, all rents are currently below the potential rent amount. If your looking to downsize, and generate some cash flow at the same time this one is worth a look.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
