Condo oppurtunity
I have an opportunity to purchase a condo unit (converted apt building).
At 790 sq ft this is working out to be about $44/sq ft
Problems:
1. It is occupied and there seem to some issues with this tenant as there is a disclosure that the buyer will be responsible for evicting said tenant.
2. Related to this issue, this property is being sold as is and sight unseen. There are no showings and no way to see the interior or the state that it is in.
It's close to a local college and was hoping to rent it out.
Does anyone have any insight on how to pursue this or if it's even worth pursuing?