Interesting listing – decent location north of Adams for less than $300K – but very tiny and the 1913 build date is probably accurate – listing says ‘As Is’ and ‘future tear down’ which probably means the house is basically a scraper (assume wood issues and outdated electrical and plumbing for starters – wouldn’t be surprised to find foundation issues as well) – the deep, narrow lot limits the options for new construction -‘As Is’ condition of the house most likely eliminates conventional financing as an option
Not a great starter home unless you could do all the work yourself (and thought the work was justified on a ‘future tear down’)
Investment potential: a 2/1 in this location (even a crappy one) probably rents for $1050 pretty easily – 150 times monthly rent would be $157.5K – 100 times rents is $105K – at $279K this property isn’t going to attract investors (although there is probably somebody who thinks they can flip this thing for a profit)
Can someone pull the history on this property please?