This condo presents a great investment opportunity within walking distance of downtown Statesville. Enjoy the scenic route along the sidewalk as you make your way over to your favorite boutiques, coffee shops, and eateries. Per the Seller, this condo is to be sold "AS IS", meaning no repairs will be made on behalf of the Buyer. The retaining wall in the rear of this condo building appears to be in need of repair/replacement. This job has been quoted and there is potential for a special assessment to be due from each condo owner (19 units total) & a price adjustment has been made.Per the Seller, there is no Board of Directors as prescribed by the deed restrictions. Thomas Bookkeeping holds financial statements for the Powderhouse Hill Condominiums, and collects $100.00 per month in dues from each unit owner. Powderhouse Hill Codominiums is located within the Historic Preservation District within the City of Statesville.