Any luck with University owned houses?

[Micah Copeland]

On a recent driving for dollars I came across a small stretch of properties (SFH) that were owned by a University that was right down the street. Out of 4 houses on this street only one was not owned by the University, and it was the only one that wasn't abandoned and in complete disrepair. Has anyone had any luck with buying such houses before? The University has owned these properties since the 50s.