Property Description:
Asking 2,500,000
Repairs: 1,300,000
city grant of $3,000,000 at 0%
I have the Google photos file of current pics, an old appraisal ($+6m) , and the old memorandum of when he bought it so it explains what is all included in the property. We think it needs about $1.3m in repairs (mostly the roof is the main cost-$750k repair).
Link to photos: photos.app.goo.gl/WcsHswZi8JHe85td7
City has said they have a few mil in grants to give as well as a $3m loan for rehab at 0%. Also the whole project tax abated and paid back over a 5 year period. The city really wants to get the building up and running again so they are willing to help out a lot.