Description
This magnificent Historic property was converted into 6 apartments. Because it is an "End of Row" situated on Panama Street (between Pine and Delancey Streets) it enjoys extra windows, light and cross-ventilation. The location is fabulous! Do not miss this opportunity to be the new owner. It was last available in 1983! Rents are below market, but most leases are up for renewal/change on 7/31/2022, (subject to 90 Days Notice or automatic one-year Renewals). NOTES: 1. This is an Estate. There will not be a Seller Disclosure. 2. An Owner/heir and the Property Manager hold PA. REAL ESTATE LICENSES. 3. A Rent Roll can be delivered by E-mail. Verify that it is current before making an offer, or require it and/or Leases in your Purchase Offer. 4. There is the possibility to combine this listing with up to 9 additional Investment Properties and a vacant lot. It is a package that took FIVE decades to acquire. Contact the Listing Agent for details. 5. Owner will consider a Buyer's 1031 Tax Free Exchange. 6. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines before being given access to any occupied units. Current showings are only of Vacant apartments and Basement. 7. It might be possible to convert the back yard into a parking space, (neighbors along the Common Alley have managed to make parking).
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0BEDS
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0.05ACRES
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0BATHS
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01/2 BATHS
School Information
Description
This magnificent Historic property was converted into 6 apartments. Because it is an "End of Row" situated on Panama Street (between Pine and Delancey Streets) it enjoys extra windows, light and cross-ventilation. The location is fabulous! Do not miss this opportunity to be the new owner. It was last available in 1983! Rents are below market, but most leases are up for renewal/change on 7/31/2022, (subject to 90 Days Notice or automatic one-year Renewals). NOTES: 1. This is an Estate. There will not be a Seller Disclosure. 2. An Owner/heir and the Property Manager hold PA. REAL ESTATE LICENSES. 3. A Rent Roll can be delivered by E-mail. Verify that it is current before making an offer, or require it and/or Leases in your Purchase Offer. 4. There is the possibility to combine this listing with up to 9 additional Investment Properties and a vacant lot. It is a package that took FIVE decades to acquire. Contact the Listing Agent for details. 5. Owner will consider a Buyer's 1031 Tax Free Exchange. 6. Buyers MUST SUPPLY PROOF OF FUNDS along with a description of payment method and preferred Timelines before being given access to any occupied units. Current showings are only of Vacant apartments and Basement. 7. It might be possible to convert the back yard into a parking space, (neighbors along the Common Alley have managed to make parking).
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Mackintosh Realty Inc. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-05-25T23:51:02.283.