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Seems like a solid real estate investment. 3 family home with great potential

Posted on 1/20/16 at 8:37 am
Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 1/20/16 at 8:37 am
quote:

Three family with great potential. 3 bedrooms at each floor, 1 bath, new windows, street parking. Disclosures: Currently has a non paying tenant without a lease. Needs a new rubber roof, as the roof has been thorn off due to last winter wind. The rubber roof has damaged the chimney. Under city of lowell $500 per week violation for incomplete 3 level porch to support the roof overhang . Lead paint and asbestos siding. Rampant drug and Gang violence and shooting has damaged the siding with bullet holes. Damp basement. One wall in the basement seems to have developed a bow. The building has settled heavily into its center, therefore the interior floors are heavily slanted.







only 255k

Posted by CadesCove
Mounting the Woman
Member since Oct 2006
40828 posts
Posted on 1/20/16 at 8:40 am to
Welcome to Lowell, MA.
Posted by McLemore
Member since Dec 2003
35541 posts
Posted on 1/20/16 at 8:45 am to
i don't think even that Texas guy would buy/live there!
Posted by yellowhammer2098
New Orleans, LA
Member since Mar 2013
3864 posts
Posted on 1/20/16 at 8:46 am to
quote:

Rampant drug and Gang violence and shooting has damaged the siding with bullet holes.


I think this Real Estate Agent should find another profession..
Posted by eddieray
Lafayette
Member since Mar 2006
19520 posts
Posted on 1/20/16 at 8:46 am to
Great bones
Posted by stout
Porte du Lafitte
Member since Sep 2006
184596 posts
Posted on 1/20/16 at 8:52 am to
quote:

I think this Real Estate Agent should find another profession..



He's doing his job disclosing everything and keeping his E&O insurer safe.
Posted by McLemore
Member since Dec 2003
35541 posts
Posted on 1/20/16 at 8:53 am to
instead of baking cookies for the open house, the agent just warms up some crack.
Posted by stout
Porte du Lafitte
Member since Sep 2006
184596 posts
Posted on 1/20/16 at 8:55 am to
quote:

instead of baking cookies for the open house, the agent just warms up some crack.



All of the silverware stays with the property






Posted by LSURussian
Member since Feb 2005
135363 posts
Posted on 1/20/16 at 8:57 am to
quote:

I think this Real Estate Agent should find another profession..
Baton Rouge real estate companies would just describe it as "a fixer-upper."
Posted by TheIndulger
Member since Sep 2011
19448 posts
Posted on 1/20/16 at 9:00 am to
quote:

Disclosures: Currently has a non paying tenant without a lease.


Posted by Placebeaux
Bobby Fischer Fan Club President
Member since Jun 2008
51852 posts
Posted on 1/20/16 at 9:16 am to
quote:

Disclosures: Currently has a non paying tenant without a lease.


Posted by tidalmouse
Whatsamotta U.
Member since Jan 2009
30706 posts
Posted on 1/20/16 at 9:39 am to
Jenga......
Posted by McLemore
Member since Dec 2003
35541 posts
Posted on 1/20/16 at 2:59 pm to
damn, they edited it.
Posted by PsychTiger
Member since Jul 2004
110700 posts
Posted on 1/20/16 at 3:03 pm to
Third floor could make a great sniper's nest during the pending race war. Could be a good tactical buy.
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