2141 Holland Ave. #85

THIS PROPERTY IS LOCATED CLOSE TO ALL MAJOR HIGHWAYS,
$100,000 WORTH OF BOILERS WERE INSTALLED 3 YEAR AGO. BRAND NEW DUEL GAS/OIL BURNER
ON EXISTING ROCKMILLS BOILER (SCOTCH MARINE) AND A FREE STANDING TWO TANK HOT
WATER SYSTEM THAT OPERATES OUT OF HEATING SEASON TO SUPPLY HOT WATER TO ALL
TENANTS.THE INSIDE PARAPET WALLS WERE COMPLETELY REDONE WITHIN THE LAST SIX (6)
MONTHS.BRAND NEW ELEVATOR AND CAB 3 YEARS OLD. THE NEW ELEVATOR MOTOR SAVES OVER
$100 PER MONTH IN ELECTRIC COSTS.NO VACANCIES. LAST APARTMENT THAT BECAME VACANT
ON 12/15/13 WAS RE-RENTED AS IS ON 12/15/13 FOR OVER A $350 INCREASE,NO VIOLATIONS,
ALL (EXPOSED) HOT WATER PIPES IN BASEMENT INSULATED. ALL PUBLIC AREAS HAVE (ENERGY
EFFICIENT) T8 LIGHTS.ALL STORES HAVE TAX ESCALATION CLAUSE. MANY COMMERCIAL RENTS
ARE UNDER MARKET.$5,700.000 MORTGAGE at 3.75 (FIXED) FOR APPROX. 7 MORE YEARS
(ASSUMABLE). NO PREPAYMENT PENALTY LAST FOUR (4) YEARS.