I have been looking for deals in Pittsburgh and think I may have found one. I found a motivated seller with not one, but two row houses in a nice area. However, I come to find out they are part of a quad-plex or 4 unit of row houses. She only owns the two on the right. They are all vacant and or boarded up, similar conditon. How much does not being able to control the other two hurt the value of the ones on the right? The other two have two different owners. Two out of four isn't bad right?
I wouldnt buy 2 out of 4 if they were all boarded up, unless you think you will be able to buy the others...and if there are other boarded up properties close by. The vacant units in the building will make it very hard to sell or rent and will most likely be a source of future problems.
Well I would not be investing in these as a buy and hold. Ideally I would like to wholesale these. I guess the same point still applies though. The fact that they are the two next to each other doesn't matter though?
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