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Updated over 8 years ago,
Sinkhole Property: Are they not worth investing in?
I have been scouting out multi-family homes in my area and found one that is already 100% rented out, the rent is far more than the mortgage would be based on numbers, but it's been on the market for a good chunk of time. I called up the listing agent to get info on the property since it's located over an hour away from me and he stated that it had a sinkhole claim done on the property years back and the foundation had to be repaired.
I am trying to understand why this property is not selling solely based on the info i know..
Numbers:
4 x 2/1 units @ $675
asking price $85k