It is asking for 1987’s price. Does anyone know if it has any problem such as broken HOA or plumbing issues (since it is a 70s building)? How do we check those?
In this area, can a 900 sqft 2 bedroom condo rent for $800? I guess after $250 HOA fee, property tax, and vacancy, $800 would be a number to break even or make some money?
If these homes have cash flow from day one, why investors are not jumping on and let them sit on market so long?
-NicMM
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Good question. I’d guess it has HOA problems or some serious structural issues. Maybe it can’t be financed?
Any of our realtors have any info about this property?
