$300,000

Spacious 2-bedroom, 2-bathroom apartment featuring a beautiful view and currently rented at $2,225/month to a long-term tenant on a month-to-month basis. The unit offers a newer A/C system (approximately 1 year old). Please note there is no washer and dryer inside the unit.HOA IS $1283.82 plus monthly assessment $338.11= $1621.93.it can be rented twice a year after living in property for 12 months.Current By-laws limit leasing to 30%. When the limit is reached, a waiting list is maintained.The building has Structural reserves and capital reserves. This is a FIRPTA transaction, as the owner is an international investor. There is an existing assessment, which will be paid by the buyer—option to pay immediately or defer until 2040.