This property has been on the market for over a year. It was purchased from the original buyer and relisted six months later. Either this was a "double flip" unit or the owners can't sleep at night with the trains that go by all night long.
The MLS pictures look staged, if so this unit is kicking off a lot of negative cash flow to go with the below cost sales price.
Resale Price: $1,050,000 (Range priced $1,000,000 to $1,100,000)
Loss@6% Sales Expenses: $163,000
Purchase Date: 10/19/2004
Holding Period: 22 months and counting...
Square Feet: 1625
Purchase Details: view