- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
100 HILL Street, Jerome, AZ 86331
Description
Supplements: Attached in "documents" is a Memorandum Of Understanding, which basically agrees that you buy The Surgeon's House with all of the furnishings except for the Seller's personal family possessions and her clothes and jewelry and car. You get it all - including the Registered business name, the website, the client/customer list, the recipes, the fabulous furniture, the forks and spoons, everything. The twist is that the Seller stays after close of escrow under a Life Tenancy agreement until she leaves in one way or another. Here's what it will look like: After close of escrow you own the property - title is in your name. You will pay Andrea 1/20th of the original balance of the note every month. (There is no interest, so with all payments being totally principal you're going to chip away at what you owe her pretty quickly. It's figured at 10 years.) During this time you are not involved with the BnB or the property - you are completely "hands off." You do have the right to come stay to inspect your investment. When Andrea is done she notifies you, you pay her the balance of the note and she's all yours.
More Information MLS# 7009196
Contract Information
Location, Tax & Legal
General Property Description
Legal Info
Special Listing Cond
Construction
Const - Finish
Roofing
Association & Fees
Showing Notification Methods
Lockbox Type
Architecture
Master Bathroom
Master Bedroom
Additional Bedroom
Add'l Property Use
Flooring
Window Features
Community Features
Dining Area
Heating
View
Kitchen Features
Cooling
Interior Features
Laundry
Basement
Other Rooms
Separate Den/Office
Road Access Type
Road Surface Type
Road Responsibility
Fencing
Water Source
Exterior Features
Spa
Sewer
Parking Spaces
Parking Features
Irrigation
Foundation Details
New Financing
Utilities
Existing 1st Loan
Existing 1st Loan Terms
Property Description
Landscaping
Services
Unit Style
Contact Info
Disclosures
Possession
Association Fee Incl
Assoc Rules/Info
Remarks Misc
Property Features
Documents
Memorandum of Understanding ›