Total Est. Monthly Carrying Cost:
$8,124 ($6.77/ft2)
Note: the above is based on a down payment of 20% ($205,000),
which is the minimum amount permitted by the building.
Description
11/26/18 No more showings contracts out. Large price reduction. Priced to sell!! Beautifully renovated full floor two bed + two bathroom boutique condo with extra large living area and loft like feel. Attractive investment property as previously was being rented at $6750 as a converted 4 bedroom BEFORE all the renovations were done.
4.67% Cap rate as an investment set up as a 4 bedroom. This apartment has a brand new kitchen with granite counters and tile back-splash, full stainless appliance array, an in unit washing machine, and beautiful wide mahogany hardwood flooring throughout. With renovations just complete, this apartment has not been lived in.
Easily converted to a 3 BR or 4 BR for enhanced rental income. Financing possible with 30% down payment due to one entity owning more than 50% of units. Please note there is an assessment for approximately $543 a month which is not reflected in the maintenance and is indefinite.
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