100 Hill Street

Description

The Grande Dame of Jerome, now available with Seller Carry at a jaw-dropping low price because there's a twist. Seller insists on financing with 10% down at zero interest. I'll tell you why later, but first I'm going to tell you about this stunning home and guest home and grounds. Currently (and for decades under the same owner) operating as the world famous Surgeon's House Bed and Breakfast. 5 Suites each with its own bath, which makes it 5 Master Suites PLUS there's a studio under the Chauffeur's Quarters plus a half bath in the common area. Magical lush grounds, trees and flowers and koi for good luck. Search The Surgeon's House, Jerome AZ to see the magic. Look at the pictures and then come back to here, where I'll explain the twist. Click on ''MORE.'' 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 1/120th 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.