If you are seriously considering buying one of the dozen or so condos here..there are some things you should know
1) I wouldn't buy a flat roof building. They have a lot of problems with the floors sagging. The association invested over a million dollars to reinforce the sagging floor structures. I read an architects review of the roofing system that concluded that the roofing was in need of replacement, and was not properly sloped or drained. Additionally the flat top units have critter problems. everything from squirrels and raccoons to ants and bees find a home under the raised buildings. In addition, the carports are poorly designed and in need of replacement. It's hard to see how a thoughtful person would consider such an investment.
2) What is the purchase price? I know of three bank repossessions and resales. A 4 bedroom sold for just over $100K ( that's about 1400 square feet.) Another two bedroom (1000 square feet) sold for $68000. Today I learned of another of the same 2 bedroom models being auctioned at foreclosure with a beginning bid of $40,000.
