Updated over 1 year ago on . Most recent reply
Condemned Townhouse Rescue Help
This is my first post here. I have been listening to the various podcasts and reading up to learn as much as possible. We currently own a single rental unit which we completed a full renovation on in 2021.
I have found a two-unit townhouse off market in dire need of help. This is an off-market
property. I spoke to the city and they are considering condemnation procedures. The outside of this structure needs lots of work. I have contacted both owners. One owner is ready to sell. He invited me in and his unit only needs interior updates. This is no longer his primary residence and he knows it needs work and it would be hard to sell on market. The second owner has not lived in her unit in over 12 years. I have only spoken to the owner of unit two via email. She is very sporadic in her replies. She is interested in selling but from the best I can tell this is not going to be an easy task. Apparently she is very sick and will not leave her house or meet me until she is better. (No idea how long that might be)
I can get a contract on one unit but it would be contingent on being able to purchase both units since they share the exterior and both sides need a complete exterior overhaul. I am looking for suggestions to help me move this forward or if anyone has an experience to share that i could learn from. Thanks in advance. I will attempt to reply with additional pics.