Posted by Christen on July 23, 2003 at 16:37:20:
y advice is not to rehab and sell, 2 bedroom homes are a tough sell, however I can rent a 2 bedoom apartment out very quickly. So I would say research it further but only under the buy and hold strategy.
ghetto area fixer upper advice - Posted by johndoedc
Posted by johndoedc on July 23, 2003 at 13:55:39:
I saw a house being sold “as is”
Home Information - SFR
Bedrooms: 2 Full Baths: 1
Square Feet: N/A Partial Baths: 0 Status: ACTIVE
Listing Date: 06/06/03 Year Built: 1935
The house itself is not in living condition.
Listed for $45,000
windows all boarded up
vines/shrubs grew all over the exterior of the house
up to the roof.
I haven’t seen the inside yet but
seems like it will need a hefty amount to fix
Any recommendations?
Comps are erratic and unreliable… but here it goes.
5043 CAPITOL ST
1193 sq. ft. WASHINGTON , DC $130,000 03 Jun 03 2 117 DIVISION AVE
864 sq. ft. WASHINGTON , DC $218,045 02 Jun 03 3 4905 SHERIFF RD
1246 sq. ft. WASHINGTON , DC $46,000 30 May 03 4 5214 CLAY ST
672 sq. ft. WASHINGTON , DC $140,000 29 May 03 5 5312 JAMES PL
666 sq. ft. WASHINGTON , DC $27,000 28 May 03 6 1233 44TH PL
977 sq. ft. WASHINGTON , DC $210,000 27 May 03 7 5919 CLAY ST
1220 sq. ft. WASHINGTON , DC $68,182 27 May 03 8 825 48TH ST
1088 sq. ft. WASHINGTON , DC $138,000 22 May 03 9 829 50TH PL
1215 sq. ft. WASHINGTON , DC $100,000 20 May 03 10 1510 OLIVE ST
1416 sq. ft. WASHINGTON , DC $95,000 20 May 03
Re: ghetto area fixer upper advice - Posted by Randy
Posted by Randy on July 23, 2003 at 21:03:59:
From the infor that you gave,I can tell you that 45,000 is to much.That area is slowly growing. The city is planning for a huge town house development around that 58th 59th 60th and construction on 5929 e cap. So right now buy very cheap and hold on to it. hit me back so we can do some rehab deals together(IT will not hurt just help)