9 Unit Apartment building 2 story rehab

[Garison Clemens]

I found a property that was purchased back in 2015 for around $13,000 a unit. It has been sitting ever since, has material sitting outside and I looked up the current owner who closed his LLC and the tax bill still is unpaid for 2016.

Every unit is a 2 bed 1 bath - Pretty much the entire property needs rehab. As it stands has a tax assessed value for $245k. 

Now this is the kicker. What would you guys look for when looking at this property? This would be my FIRST deal. Median rent around the area for a 2 bed is roughly $900 a month. Probably lower income area, class C property. It just never was finished.

Thanks guys.