Description
Current owner filed for a tax grievance with the city. A yearly tax of $35k is way too high for a 5 family building. A hearing is scheduled for Oct 14th, 2020. Seller is expecting a tax reduction of $10k to $12k based on current rentals. Cap rate of 4.49% will increase to 5.13% with a tax grievance of $10k yearly.
$1,449,999
-
0BEDS
-
0.04ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Current owner filed for a tax grievance with the city. A yearly tax of $35k is way too high for a 5 family building. A hearing is scheduled for Oct 14th, 2020. Seller is expecting a tax reduction of $10k to $12k based on current rentals. Cap rate of 4.49% will increase to 5.13% with a tax grievance of $10k yearly.
© 2021 OneKey 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Denis Murphy Real Estate | RE/MAX Unlimited. Data last updated: 2021-01-23T21:16:21.05.