Kensington Gardens - 5810

Even though some units have been upgraded and look good on the surface the building has a major mold problem Owners are having to paint the bathrooms every couple of months to cover up the mold If the crawl space door is opened in the lower hallway the whole building smells of mold The building is in desparate need of repair

The first question that entered my mind when I visited someone in this building was are you sure these units are actually for sale This must be a rental buildig and or a subsidized housing complex I don't mean to sound negative but this complex just does not fit the bill for something I would Buy it is run down in many respects some units seem to be fixed up some not some windows have been replaced some not and the list goes on To make things more complicated I found out that it is something called an undivided interest so you don't actually own your unit you just own a portion of the complex with everyone eles it is similar to a co op Then it made a bit more sense this will not be an easy thing to sell Even worse becuase of this I found out that you will need between 35 50 down to finance