2531 Forest Lane , E-19

Description

This 2 bedroom, 1 bath condo has been recently renovated and is tenant occupied for the investor that is looking to have immediate cash flow. This top floor unit is spacious and has an in unit washer/dryer unit. You walk into the large living room and there is a balcony. One bedroom faces the parking lot and has a lot of natural light, the other is in the back of the unit. Newer bathroom and a nice sized kitchen. These condos are cash only due to special assessments in place for years 2025-2027. The special asssessment for this unit is $ 9900.00 over 3 years due every year in April. The first phase in 2025 is to repair the skybridges in the buildings, the 2026 scheduled work is for the roofs and 2027 is for the balconies. This unit is tenant occupied until February 2025 and they would like to remain there if this is purchased as an investment property. The landlord has already paid the special assessment fee of $3300.00 for the 2025 year. 24 hours notice for showings is necessary. This community's association fee is for heat, air conditioning, and the cooling system as well as cold and hot water, sewer, trash, snow removal, and exterior maintenance. Electric has a credit each month and if they go over, they receive an overage bill. This is a perfect investment opportunity with built in tenants! Other units for sale in this community are 3233, 3213, 4312 and 2411 Forest Lane. Pictures are prior to tenant move in.