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Updated over 1 year ago, 06/28/2023
buying a building that were potentially a former meth lab
Hi all,
Thank you ahead for your time and help! I would like to seek your opinion on whether or not I should move forward with this deal.
My wife and I have found this way under market value building in the city of Manchester NH.
Upon entering the property, there is no electricity. All the drop down ceiling tile have been removed. All the heat duct covers have been removed. Plumbing have been winterized.
The rest of the work are mostly cosmetic.
We immediately saw the value of this building and made an offer right away. We are still waiting to hear from the seller.
I did a little work in looking up the name the seller and found that he was a drug dealer (meth) and the building had a lot of foot traffic.
He was arrested and lost possession of the building, now belong to the city marshal.
I dug a little deeper and this arrest was on the FB page of the city of Manchester. Many mentioned about him being a drug dealer (meth). No mentioned of this building being a meth lab.
But this place was raided several time between 2018 and 2021.
My deep concern is that this apartment or building was a former meth lab. But there is no sign of it being one. There was no odor of ammonia or cat pee or chemistry equipment. However this was probably left empty since 2021 or 2022, at least half a year with one of the window cracked open.
Is it worth the risk to go through? If it was indeed a former meth lab. What does it takes to decontaminate it.
WOULD YOU BACK AWAY FROM THE DEAL?
Best regards
Doanh