ClintD

I went through an open house at Franklin Lofts last year and the woman who was showing us around said that there were 11 or 12 years left on the historic tax exemption. I figure that 10-11 years of not paying $6,000+ a year sounds good. I also looked up who the owners of the units are and it looks like Franklin Limited Partners own about 10-12 units. What I'm wondering is if they go under, what would that potentially mean for me?

Hi All, I'm new to the forum and was just looking for insight on Franklin Lofts. I've been through one of their open-house events and was pretty impressed overall. The building is beautiful and has a lot of pros in my mind. I'm considering trying to buy there but just wanted some feedback before I start making any serious decisions. This is what I've come up with so far: Edit: The building was originally the First National Bank at 201 Main Street. Pros: 1.) Location 2.) (Relatively) Low HOA fees 3.) Historic tax exemption 4.) Spacious floorplans/hardwood floors 5.) Parking, etc. Cons: 1.) Good Value?? 2.) Cheap looking cabinets, kitchen area I keep finding myself going back and forth so any opionions or comments would be greatly appreciated. Thanks!