Rare opportunity seeking sophisticated buyer for a bulk sale of a 7 unit CONDO building. Savvy buyer will recognize the hidden value of purchasing this property and operating it as either an apartment building or sell off units individually. Comparable units in the neighborhood are currently selling for appx $490,000/unit. If buyer chooses to operate this as an apartment building, keep in mind that due to these units being individual condos (SFR), they are exempt from many of the state and local rent control laws. Seller will deliver 4 units vacant and the remaining 3 tenants will be at $2,300/month. All units are 2 bdrm/2 baths with one parking space each.Buyer also has the flexibility to sell the units individually and make a profit for their troubles of finding individual buyers. Seller is motivated to sell and willing to offer seller financing.
isidro@alturasrealty.com
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Located in a wonderful community of Adelanto this single story home was built in 2014…Read More
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