We Have a Duplex Dilemma!

[Katie Willcox]

Hi everyone! My business partner and I are considering purchasing an up/down duplex in a small city.  The top unit was built in 1910 and moved onto a new basement in the early 2000s.  We plan on gutting the top unit as it is still fairly dated.  However, the property has been on the market for nearly two years.  Between now and the original listing date, the house has had both power meters for the two units removed and, since the seller will not allow the meters to be re-installing until conditions are removed, we would basically have to purchase the property 'as is'... We're afraid we'll end up with a lemon and find major electrical issues.  Any thoughts or comments?

Thanks!