Random
Footballguy
If you use the second link it shows pictures of the interior. Only one (2 bed) unit is currently rented, the other was being rehabbed. Here's the commentary from the other website that has it listed.coldwell bankerMike Anderson said:My Gut reaction was Gold, probably priced slightly high, but Gold. If I climb up into the $60-70K range, these are all over my Market. I generally operate at a lower buy in.In our type of Market, $47-50K would be about right for a building like that. However, it has great curb apeal, and what looks like a Good roof. I would assume that the Guts are great, and that the inside looks good. $60K is not out of the question if it is fantastic and turn key. $55K if it's great.Why haven't you made an offer already...as in yesterday...biggest no-brainer in the history of earth. Man I wish I was in your market. That's a $150K home here in the worst case, more likely in the $200s. Looks great from the outside...surely the inside can't be that bad in the grass and exterior look that nice. Like the corner lot for rental exposure. Check and make sure the utitilies have been split, especially that gas heat.My perministic side says why would anyone have to "short sale" something that pays itself off in 8 years. If it's the real deal, I would try to get cute on the offer and lose it.Anyone want to comment on this property?
multi family
This (shelby co.) website says it rents for 950/mo. Also says "MOTIVATED SELLER WANTS OFFER!!! POSSIBLE SHORT SALE OPORTUNITY CONTINGENT UPON BANK ACCEPTANCE" so I could maybe get it for low 50's.
Absolutely need to know about who Pays Utilities. That could beat you up with Owner paid Heat/Tenant in control of Thermostat.
I like it alot. You ought to get inside. As a Short sale, an Investor bought it for way too much, couldn't cover expenses, and it is going to be closer to market value now. OR, they didn't screen tenants, and the place is trashed, and producing money. You need to poke around inside.
Have you driven around the property and looked at it now? That picture is obviously from late Summer of 2006. It's got to be 9 months old. Why wasn't a current picture used???
STATELY "TURN OF THE CENTURY" SPACIOUS 2 FAMILY DUPLEX. TWO BEDROOM UNIT DOWNSTAIRS IS PRESENTLY RENTED AND COULD POSSIBLY BE USED AS A 3 BEDROOM. UPSTAIRS UNIT HAS BEEN PARTIALLY UPDATED AND NEEDS MINIMAL WORK TO FINISH AND BECOME AN INCOME PRODUCING LARGE 2-3 BEDROOM UNIT. NEWER KITCHEN AND BATHS. NEWER WIRING AND ELECTRIC SERVICE UPSTAIRS NEEDS COMPLETION. NICE WRAPAROUND FRONT PROCH CAN BE ENJOYED BY BOTH UNITS. CONVENIENT DOWNTOWN LOCATION.