Lender Owned 4 Story Condominium Complex with Ground Floor Retail Units
Minutes to the Downtown Area with First Class
Shopping, Entertainment and Restaurants & Tourist Destination

4 Story Condominium Complex with Ground Floor Retail
Comprised of 36 Residential Condos & 5 Retail Units
Residential Condo Unit Mix (22) 2+2.5 and (14) 1+1
Plus 5 Retail Units Ranging from 1537 to 2309 SF
125 Subterranean Parking Spaces

CURRENT PROPERTY AND INCOME STATUS
Previous owner sold 15 condos and 1 retail unit prior to foreclosure
Remaining is a total of 21 condos and 4 retail units
13 condos are vacant and ready for sale or lease
8 condos being rented at $25,000 per month
1 retail space is rented at $3,817 per month
3 condos in dispute and eviction process
4 retail spaces ready for sale or NNN lease
HOA recently reinstated at $400 per month

POTENTIAL INCOME DETAILS
Condo sale prices ranging from $559,000 to $645,000
Condo monthly rental prices range from $2500 to $3000
Retail unit sale prices range from $800,000 to $1,859,000
Retail monthly NNN rental rates at $42.00/SF/YR
Total monthly HOA potential income of $16,400
ASKING PRICE $11,500,000