Short sale, subject to lender approval. Cash only. Property needs extensive work. Roof, a/c system, dock, sea wall. Poor-quality additions are falling apart, leading to major structural problems. Ceiling in master bedroom fell through, showing termite-eaten & rotted wood & support beams. Possible mold. 4 en-suite bedrooms. 3 are rented out. Buyer must take property as-is and deal with tenants. Seller not able to convey a vacant property. Buyer responsible for any open/expired permits and/or code violations. Buyer must do their due diligence to research these. Lender may require buyer to pay some of the seller's closing fees. Purchase price is not final--lender may increase the purchase price. This property is only for serious investors who know how to deal with all the property issues.
