PROPERTY INFORMATION:
 Unit Mix:

• 19 two bedroom one bath units - 855 s.f.

• 12 three bedroom one bath units - 975 s.f.

 Construction:

• Built in 1928
• 30,444 s.f. according to auditor
• 1.12 acres
  
• Brick construction
• Flat roofs
• three attached buildings

 Parking:

• paved lot in rear of building

 Utilities:

• Heat - gas fired hot water boiler with radiant heat in each unit - owner paid
• Water - owner paid hot and cold
  
• Air conditioning - some window units
• Electric - owner paid

 Occupancy:

• 100% VACANT

 Condition:
 The property will need some work.  For the most part the units need cleaned out, patching, painting and some work in the    bathrooms and kitchens.  Most units have hardwood floors.  Some are worse than others and most will need new appliances.  The hallways could use a good cleaning, some added lighting and a paint job.  Common area doors and apartment entry doors will require maintenance and many of them will need to be replaced.  The condition of the roof is unknown so you will have to check that out yourself, it does not appear that it is currently leaking.  All mechanics are intact and the property has not been vandalized in any way.

RECEIVER SALE TERMS AND CONDITION:

Showings: Potential buyers must provide proof of financial capability BEFORE a showing will be scheduled.  Feel free to view the outside, but DO NOT ENTER THE PROPERTY WITHOUT KURT POLTER'S PERMISSION!

Deposit: Buyer shall deposit a minimum of 10% of the purchase price with Central Land Title Agency in the form of a cashier check from a major bank or a wire transfer within 24 hours of offer acceptance.

Due Diligence: All inspections and due diligence must be done prior to offer submission.

Closing: Closing must take place within 14 days of the Courts written approval of the sale.  Court approval usually takes between one and three weeks.  In some cases it could take more or less time, however the buyer must be prepared to close within 14 days of receiving written notification of Court approval.

Title Insurance: The closing will take place at the offices of Central Land Title Agency (CLTA).  CLTA will coordinate the closing and collect and disburse all monies.