Duplex with water/mold
So I am looking at a duplex that got water/mold damage on one side, and minor water damage (Door left open or something like that) on the other side. It is bank owned at this point. Right now the one side needs total reno from the mold/water damage.
Area is maybe a C to C+, maybe B- on a good day. They are asking 105k and it has been on the off the market for a year or more (Down from only 110K). It is in an area with all duplexes and the average prices are in the 140-160k range with rent ranging from around $750-900 ranges.
So does anyone have experience with this type of deal? Should I just walk away, or is there something here?