Owners: Brian K. Silver and James E. Silver
Phone Number: Ask for Brian, or leave a message @ 802-598-9303
E-Mail: bsilver@specialpurposeproperty.com
Cash or conventional financing only.
One of the owners is a Certified General Real Estate Appraiser in the States
of Vermont, New York & New Hampshire, as well as a Licensed Real
Estate Sales Agent in the State of Vermont.
Sellers will require a minimum of 48+ hours notice before showing the
property in order to properly notify tenants.
Apartment #2 (1 bedroom) and Apartment #4 (2 bedroom) are currently
under written lease agreements. Apartment #2 has a $625/month lease that
expires at midnight December 1, 2003, while Apartment #4 has a
$825/month lease which expires on midnight, July 31, 2004. Both of these
apartments will be in need of rental increases at the end of the terms of the
current leases. Apartment #1 is a month-to-month lease, rent is currently
$675/month. Apartment #3 is also a month-to-month lease, rent is currently
at $575/month. The rent on Apartments #1 and #3 could be raised immedi-
ately $25 to $75/month each. Copies of the two leases available upon
request.
The property will be part of a
§
1031 like kind exchange. The replacement
property has already been identified.
