Yes our buildings are ugly but they are rent controlled and affordable to the 74 families that live in them.
And yes this is prime real estate. There is only one of the original single-family homes left on the block.
Through the years they were sold off, completely cleared, and turned into apartment buildings.
This was an empty lot next-door when we moved in in 2011. Now it is 46 apartments going for $2,200 and up.
This was a single-family home that sold for just over a million soon to be 22 condos.
Is it any wonder someone saw the potential?
First Curious Point: As of now there are 5 empty units in our buildings that are not being advertised for rent. There is 1 in our building and 2 in both of the others and yet nowhere are they listed as being available.
In fact every rental site list the addresses as having no availability.
Second Curious Point: Power Property Management is moving offices. Yes, in the mist of all this hubbub, the company paid to manage our 3 buildings is moving from their tiny upstairs office into a nicer building. They sent a notice that its offices were moving, and as of September 1, all payments should be sent to a PO Box....
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