68% LTV-Assumable CMBS Loan. 260 Centre Avenue has a $4,750,000 interest only loan at 4.23% interest which matures on 2/6/2031. Recent 10-Year Capital Expenditures. Over the past decade, ownership has invested nearly $400,000 in capital improvements, including extensive renovations of the internal apartments, upgraded common areas, a completed gas conversion, an 8-year-old boiler, one hydraulic elevator, and a new hot water heater system. Additional improvements feature external pointing and a fully integrated building-wide security camera system. The building is also equipped with a Hercules-managed laundry facility of 2 washer and dryer machines. 2017 Boiler - Major Capital Improvement. In 2017, ownership completed an MCI and put in a brand-new boiler system. In Demand Parking Upside. Positioned in an area with a shortage of parking, 260 Centre Avenue comes with 41parking spots. Currently there are only 33 rented, leaving additional upside of $27,300 for a future buyer to capitalize on. Additional Income. Upon unit turnover, the new tenant is eligible to pay a portion of their utility bill through Ratio Utility Billing (RUBS). Additionally, there is pending upside if new ownership phases in IAI’S as well as the available storage unit per floor. 4 Unit Vacancies with Upside. 4 of the apartments are delivered vacant and have upside from the registered maximum rents and potential IAI’s which new ownership can phase in.