A lease can be a detriment to selling at the same time, and most Realtors would rather the place remain empty while attempting an out of state sale. In this situation though it maybe just the right plan for a buyer.
This beautiful Condominium is for sale (asking Price $285,00)...and also has a lease starting November 1st, for a six months ski season rental ($8,500 to be prorated to the buyer at closing).
Three great reasons to look at a pre-booked rental property for purchase
1) If you are trying to identify a replacement property for a 1031 like kind exchange…one with a current rental is a great way to show investment income from the very start.
2)If you have a property for sale, and can’t envision purchasing before you sell… a pre-rented property will come with fewer objections from it’s seller in making the sale subject to another closing taking place first.
3)You will have no concerns about trying to remove the tenant at the end of the lease. This is a seasonal rental when the ski season is over they will not wish to extend the terms (and live elsewhere full time).
River front townhouse building
The Pemigewasset River is abutting the condominium, and access to the south Mountain bridge is also adjacent to the property.
Loon mountain Escape Route Trail is a 100 yards to the south, so you can walk home after skiing .
If you are interested in purchasing a great location with a fixed lease term already in place and you want to be riverside and slope side at Loon Mountain this maybe just the ticket for your families long term goal. Location and income to off-set expenses right from the start of your ownership.
MLS Search site: www.alpinelakes.com #2776490
steve@alpinelakes.com / 800-926-5653 toll free
Your White Mountain NH property expert &
1031 certified Realtor.
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