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Updated over 5 years ago,
Old San Rafael California condo renting for $2600/mo
Hi y'all! Was wondering your opinion if you would buy a rundown condo that is renting for $2600/mo and selling for $315k with $440/mo HOA. The place looks so rundown and decrepit and the tenants are low-income. What is the chance that a rundown property like this can still appreciate and rents can still rise?
Thanks.