Since our last post, we have made a few more offers. Offer number 9 on a 3 unit building in Gardner MA was accepted at $108,000 and we have signed the purchase and sale agreement. Closing was scheduled for 12/30 but the recent ice storm has pushed the closing out to the week of Jan 5th.
The property is 5600 sq ft with 3 very large units. There is off-street parking for 6+ cars. We expect to get about 2800 per month in rent.
There are currently two tenants in place but one is schedule to move prior to the closing.
Our loan has been approved and we have a commitment letter. The insurance has been taken care of and we are waiting on is the survey and title work to be completed by the closing attorney.
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