This is a mix use property. The building size is 52 X 50 with 52 feet frontage. First Floor (2,600sq.f.) is retail place with a full basement, available for any use. Previously use is laundromat(estimate rental income $1,500 a month) . Second Floor is unfinished with 3 apartments (2 bed plus 1 bath each - estimate rental income $750 a month from each apt). This property just came out from foreclose and need some repairs. Asking sales price is $120,000. $40,000 down payment and we will hold the mortgage for the next 10 years with very low rent. AND ... we can give you second mortgage your down payment ($40,000) after your renovation!!!
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