700 H Street

Description

Bent Prop Inn is being used as a boarding house at this time."Right of First Refusal" excerpt from preceding PSA, Arrangement of Building Inspection for Due Diligence, Release of Sellers bank records proving income stream , and proof of NNN prepaid rent held in escrow for benefit of Landlord and Tenant (no other financials will be provided) 45 day "Right of First Refusal" required to be served on existing PSA. (Seller believes that meeting Offer Price with result in a sale, to encourage offers, seller is only asking for $1,000 earnest money. Once Seller and Buyer execute PSA, no futher alteration in: Price, Terms, Dates, or any aspect of the PSA shall be entertained, unless an additional 45 day "Right of First Refusal" is served. The "As-Is" nature of this Offer for Sale means that the Seller shall do not improvements, and no additional work. And, that Offer Price shall not be reduced based on Building defects. A Capital Improvement Escrow may be added to the Purchase Price up to appraised value. No information available on how the current tenant is using the building for occupancy. When Broken Prop was in operation, the usage was 22 sleeping rooms with an occupancy up to 88 people.