Going once... Going twice... The developer behind 849 Penniman hopes his latest price cut will sell the very last condo in the project.
"As soon as we did that we had a plethora of showings on it," says Mike Galliers, real-estate agent in charge of 849 Penniman. "It's been around for a while so it's time to move it."
The developer, Roseville-base Ferlito Construction, hopes the new price of $148,900 gets it moving into the right hands. This latest price cut brings down the cost from the unit’s original price in the upper $100,000s. The 900-square-foot unit has one bedroom, 1.5 bathrooms, a terrace balcony, hardwood floors, granite countertops and stainless-steel appliances. Parking for it is available through a city parking deck behind the building.
The other condos in the structure sold despite a glutted market. That is on top of the structure’s two floors of office space, which are leased to a wine bar called Buon Vino Winery on the ground floor and a text messaging company called Crucial Contact on the second floor.
The new building replaces an older wooden building that once housed Plymouth Office Supply.
For information, call Coldwell Banker Schweitzer real-estate agent Mike Galliers at (734) 453-6800.
Source: Mike Galliers, real-estate agent in charge of 849 Penniman Ave.
Writer: Jon Zemke
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