set speed aka onehansonplace.com

7/30/2007

Interesting investor opp @ 296 Sterling Place

Corcoran has an interesting 1500 square foot listing that is currently inhabited by a rent-controlled tenant who is paying LESS than the monthly carrying charges.

The floorplan at left represents what it could potentially be, once the tenant has left. Although no guarantees are given, as the low asking price of $375K attests to. Corcoran touts the potential market value of more than $750K once the tenant leaves and the apartment is renovated.

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