Advantages of having properties on the same block

[Martin Cozzi]

Hi,

About three months ago, I bought my second investment property in Las Vegas. A few days ago, a neighbor approached me to let me know that they were going to put their house for sale on the market in a few weeks.

I've been looking for an off-listed property opportunity for a while so this made me pretty happy. The price they are asking for is a bit delusional at this moment, so unless they are willing to bring it down to market value, it won't necessarily make sense.

The question, however, is, assuming they are willing to sell it for what it appraises for, I wouldn't necessarily call this a "deal", but, in your experience, are there advantages to have multiple properties on the same block that would essentially help me save/earn more money on this deal?