Description
Investors: This first floor, 1 BR condo has a 3-year lease to good, long-term residents. Providing very easy management. Residents responsible for paying their portion of the rent at $725/mo. + elec. for 36 months. To bring the total rent up to a fair market rent, owner will credit buyer at closing for difference from the $725/mo. that the residents pay, up to a market rent as follows: Year 1= $875 market rent, so $150/mo subsidy, for $1800 credit at closing. Year 2= $900 market, rent so $175/mo subsidy, for $2100 credit at closing. Year 3= $925 market rent, so $200/mo subsidy, for $2400 credit at closing. Total $6300 credit to buyer at closing. Includes 2 assigned surface parking stalls & a basement storage locker.
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1BEDS
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N/AACRES
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1BATHS
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01/2 BATHS
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600SQFT
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$150$/SQFT
School Information
Description
Investors: This first floor, 1 BR condo has a 3-year lease to good, long-term residents. Providing very easy management. Residents responsible for paying their portion of the rent at $725/mo. + elec. for 36 months. To bring the total rent up to a fair market rent, owner will credit buyer at closing for difference from the $725/mo. that the residents pay, up to a market rent as follows: Year 1= $875 market rent, so $150/mo subsidy, for $1800 credit at closing. Year 2= $900 market, rent so $175/mo subsidy, for $2100 credit at closing. Year 3= $925 market rent, so $200/mo subsidy, for $2400 credit at closing. Total $6300 credit to buyer at closing. Includes 2 assigned surface parking stalls & a basement storage locker.
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