Good inv opportunity. Full duplex. long term renters occupy paying below market rents $625 per month each side, currently month to month. not raised rent for years. New owner can do new lease increasing rent to $700 per unit with new CAP rate upto 9%. Seller will sell ONLY if he lends money 20% down,7% fixed. Prepayment penalty: 10% original loan amt 1st yr, 9% 2nd yr, 8% for 3rd year,..., 1% for 10th year. no prepayment penalty after 10th yr.
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