Fantastic Opportunity for an Investor!! Beautifully updated 3 Bedroom, 2 Bath End Unit on the 4th Floor in Farmingdale Terrace. Balcony features views of all single family homes in this quiet neighborhood. Seller takes no possession of this condominium as the owner will remain as the tenant with a 3-year lease. Cancelation for any reason by the tenant would require 3 months notice. Monthly fees to the owner will include Property Taxes of $300.00, Assessment of $475.00 and Property Insurance of $150.00 totaling approximately $925.00/month. Lease would include an escalation of 10% per year and tenant pays utilities. Rentals for 3 bedroom/2 bath units in the Farmingdale neighborhood are around $2200.00/month. This is an all electric building and water is included in the assessment. Roof is 5 years old, Windows 4 years, Furnace 10 years. Perfect opportunity for a longterm investor looking for a stellar tenant who maintains and appreciates this lovely condominium. Let's talk!
Listing Courtesy of Midwest Real Estate Data / Coldwell Banker Realty / Cynthia Rice