Property Detail

Description

SELLER FINANCING AVAILABLE! Five contiguous 2nd-floor office condos in a 19-unit complex, offered individually or as a portfolio. Units average ~419 SF, are currently leased month-to-month to diverse tenants (engineering, insurance, real estate, construction, and more), and rent for $400–$575/month. Each has been recently upgraded with new flooring, paint, lighting, and ceiling fans, plus a wall AC unit and (in most units) partitioned offices with a reception area. The complex offers 18 off-street parking spaces, floor-level common restrooms, and stairwell-only access (no elevator). HOA dues of ~$65–$75/month per unit cover water, sewer, trash, landscaping, common-area maintenance, and exterior security lighting; gas and electric are separately metered and tenant-paid. Seller prefers a two-party simultaneous 1031 exchange into a 4+ unit multifamily property (fixers preferred), but will also consider an outright sale — individually or as a portfolio — with seller financing available at 5–5.5% over a 10-year term.