Phelps (NY) commercial apartment / condominium building for lease, Phelps (NY) commercial real estate for lease or rent

Phelps (NY) apartment and condo buildings are sometimes great investments as they can be leased in part or in whole to a single tenant or several tenants. If the whole Phelps building is to be leased, the lessee can be responsible (most likely) for all the upkeep and service charges related to the Phelps (NY) apartments or condominiums.

Phelps rental properties make a great investment income, but having to pay large down payments for Phelps (NY) property can eat up capital you may need for future repairs or Phelps (NY) property improvements and developments, by utilizing a master lease option you can save the up-front costs, build equity into your Phelps (NY) property and finance via bank loans at a later date. Have a good lawyer write up your real estate contract to protect your future plans, and research the Phelps (NY) property for any bank holding or liens.