Email listing agent for PL. Partnership transfer based on title restrictions in place until 2029 - purchaser is purchasing equity in a partnership. Partnership can be substituted. Owners will convey property to a majority stakeholder or an option facilitated by an attorney for partnership transfer. Maximum potential can be reached in 2029 - Limited profit can only show $1,200 a year. 30 year depreciation has been reached - reflected in PL. Second mortgage not allowed. Ideal 1031 option. No garages. No dishwashers. No A/C units provided. Maintenance supplies are not capitalized for tax purposes - K1. Fee manager in place, can stay with the property if desired.
Listed by Mike W Wilen of Coldwell Banker Realty

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  "Based on information submitted to NORTHSTAR as of September 27, 2022 12:09 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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