$55,000

Cash sales only. Success Village is a common interest ownership community and has management over 924 units. The association is currently in receivership and the property is being managed by attorney Barry Knott of Stratford as the court appointed receiver. Anyone can call the association for answers to any questions. There is currently a special assessment of $100.00 monthly to cover insurance costs which runs until July 1, 2028. Monthly fee of $778.57 covers real estate taxes, sewer use fees, water and gas charges along with maintenance and insurance. Buyers must qualify for membership into the co-op and must have sufficient cash on hand to close the unit and have a credit score of 650 of better. They must also be able to show monthly income from the past two income tax returns, pay stubs and bank statements to show that they do have a proven income stream of at least $4,000 a month or more. Application checks made out to Success Village Apartments and must include $100.00 and $35.00 per applicant for credit and background checks. Title Insurance is not a requirement at this time however owners policy title insurance is available to buyers depending upon the title history of the individual unit being purchased.