Camden has rent control. I know of a 40 unit aprtment for sale there as well.
The price is around $1.5m, with high offer of $1.2m. At those prices, the landlord will not make any money. Average rent: $330 per month for a 1 bedroom. The previous slumlord would not make repairs, because of the circle of crappy tenants, rent control not giving increases etc etc. A true slumlord. It was cheaper to pay the fines. Couldn't evict the tenants either who destroyd the places, sold drugs or engaged in prostitution. Some tenants have been there for 20 years. New owner has to sell due to legal reasons. In the process of total overahaul. Max rent up to $500 or more month. Glouchester Twp nicer area. Give yourselves a lesson in Rent Control: http://www.ci.camden.nj.us/departments/forms/RentControlBooklet.pdf Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
