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Owner Tom Livaditis. Livaditis said he emptied the 25 apartments and the ground-level commercial space about three years ago to prepare the building for sale. He had it on the market quietly a few.

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The building is slated to be deconverted to apartments. in last week’s sale. All but one unit in the building already were operating as rentals, although each was owned separately, either by.

The deal is subject to the owner financing the deal for 2-6 years after the building is stabilized. You pay the owner/seller a lease rent on a negotiated part of the cash flow for the first part of the lease agreement. After the building is stabilized you go in for conventional or "other" financing at an improved property value, thus getting.

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. Abdou building has eight apartments. One is still occupied by the former owner, Shirazi Bahram, who sold the building because he plans to move out of El Paso, Realtor Krisiann Rivera, listing.

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