The Wages of Sin
This solid-brick behemoth with pitched roof, full basement and
separate utilities boasts four apartments plus a fifth space that might
be used for a commercial enterprise such as an insurance office.
Our pre-raid estimate of value was $240,000 or better, provided
the seller first took care of several cosmetic issues. He had
installed new steel entry doors to the rear apartments, and found some
new tenants.
After the raid, the owner became a
motivated seller. He wanted it gone "this week." Because
of the damages and condition of the property, coupled with the owner's
motivation, the property sold in 26 days for $202,000. |