AWC - Taking Backup Offers. This is a 24-unit Condo Portfolio. This is a Bank approved Short Sale. The Seller/Bank will consider ONLY ALL CASH OFFERS WITH NO FINANCING CONTINGENCY. Price is negotiable and an acceptable price will be determined by how quickly the Buyer can close. All units are 879 sf with 2-bed/2baths. Currently there are 17 units leased at an average $650/unit with 8 vacancies. Seven of the units need repairs/upgrades in order to become rent ready. Seller has received a $29,000 bid for repairs for all units. Current Market Rent for units in this complex is $750-$800K. HOA is $275/mo and Property Taxes are $56/mo. Condo Sales in the area within the last six months indicate an average sales price of $41,000/unit. Buyer must also consider a $100,000 HOA back-pay as well as $30,000 property taxes that must be settled at closing. Brokered And Advertised By: CRES CORP INTERNATIONAL LLC (779897) Listing Agent: BENNY SPENSIERI
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