[quote=beselfish]The sad thing about this place is that even if you do what’s best and bulldoze this pile of sh!t you’ll still have neighbors with cars on blocks, tin foil in the windows, and shoulder high weeds.
Actually, this dry-rotted “opportunity” here seems somewhat “organized and habitable.” It’s also a short walk to bus line(s). The occupants are obviously very “typical” low-income tenants or homeowners. I’ve seen much, much more unsanitary than this in my day. Given its huge backyard and location, it’s a good investment opportunity for a buy-and-hold rental property, IMO.
Short of structural defects, it’s nothing that 2-3 20′ dumpsters and a few days of elbow grease can’t cure. Slap on some paint inside and out, possible stucco repair patch, fence repair, refinish the wood floors (or install cheap ceramic tile or Pergo on the slab, hang plastic vertical blinds, perhaps install or replace the garbage disposer and HW heater and Wa-laa . . . you have a property that should pay for itself over the years. Better yet, enroll the property in the Section 8 program to have a guaranteed rent to build your equity over the years!
Also, you can sit some of that stuff out at the curb on Friday with a “Free” sign on it and come back Monday. It will probably mostly all be gone and will save on your dump fees!
What the hay?? I didn’t notice if it was a “short sale” or check to see if an NOD/NOS has been filed against it but why not offer in the $190-$250K range??? The mess scares off a lot of potential buyers and there may not be any competition for it.
