I remember a about 3 years ago when this complex was in serious distress. These units were going for 50-60K. These units were renting for $800+ and a lot of people on this board giving advice to stay away. Those original buyers have done great. Within a year the units were selling in for 80K. I think there was 2 small assessments. One assessment was for plumbing. I don’t know if they qualify for FHA now, but I know for sure it didn’t back then. One invester bought 10+ units.
Look at this new listings. There is about 10-20K worth of work done. It depends on how cheap you can get the work done.
