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2nd Floor - Unit A
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Flex
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1,700 SF
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$400,000 USD
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Unit Size: 1,700 SF
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Condo Use: Flex
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Price: $400,000 USD
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Sale Type: Owner User
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Price/SF: $235.29 USD
Description
Rumsey Gardens is a 2-story garden complex with frontage on the corner of Rumsey Road and Spruce Street, with spacious lawns, child's play area and parking. Close to public transportation, parks, recreation and places of worship.
This listing is for two one-bedroom, second floor co-op apartments, fully renovated and currently occupied at market rents. Reliable cash flow.
Low taxes and maintenance, quiet off-street ambiance, close-by school and baseball recreation area.
Sale Notes
Two 1-BR "Sponsor Exempt" 2nd Floor apartments, currently rented at market rates (1 unit is Month-to-Month), which are exempt from any and all Co-op Board Approvals by the development's bylaws. The exemptions expire if and only if a future owner occupies one.
This package deall is suitable for a 1031, a beginning investor, or a buyer who wishes to consider it a "Two-Family Home" and occupy one unit while renting the other. Owner will consider selling each separately.
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