120 Sheridan Avenue

This is a Bank Repossessed REO. There is a current Appraisal performed by a 3rd Party Licensed Appraiser with "AS IS" Value at $1,175,000. The ASKING PRICE of $899,000 is a STARTING BID. All Offers Must be presented in writing and once accepted a formal contract will be emailed for signature and non-refundable deposit within 48 hours. The contract is subject to all Violations and Fines that are disclosed in the Contract of Sale. Only common areas can be shown in the building. Currently, the building is fully occupied with 2 Tenants in court for non-payment of rent. There are existing Violations in the approximate amount of $47,000.00. This is a tremendous opportunity for any investor to purchase this building below cost. The Lender paid $1.1 Million as part of the settlement. Once all Violations are cured and all Rents are collected, the estimated VALUE is above $1.3 Million. Once again, this is a Bank Repossession and All Offers will be considered on their FINANCIAL MERIT ONLY.