Since the property was originally constructed, it has been used as professional office space for an accounting, firm and financial advisory firm, both of whom still occupy the property. The interior is in excellent condition, and if the layout works for you, it could be move-in ready with very little additional renovation needed, saving you thousands of dollars in renovation costs. The condo owners association is responsible for maintaining the building structure, roof, parking lot, landscaping, and all exterior elements. The property owner is responsible for HVAC, utilities, their own insurance, janitorial, glass repairs, and maintenance on the interior of the premises. This is a well managed property as evidenced by the overall condition of the development. A big concern buyers have about investing in Office Condominium properties is the financial condition of the association and the reserve account. Do they have adequate funds to maintain the property and will the new owner be hit with a bunch of assessments after the purchase of the property? Both of the owners of this unit are on the association board and have closely monitored the association financials. According to the seller, the association financials are in excellent condition. A copy of the most recent financial reports is available for buyers to examine while they are conducting their due diligence on the property.
