A question,

A question,

Lawton, OK · Member since 2013 · 28 posts · 4 votes

I found a listing in a local ad, and decided to try and find it online as well. My neighboring town has a Duplex listed in this link:

http://www.zillow.com/homedetails/434-S-State-St-Marion-OH-43302/97159404_zpid/

Basically, asking $66k, 3,900 Sq. Ft., Duplex. Naturally I am excited about this listing, but I still don't know enough to really try and sink money into it as an investment property.

This has apparently been for sale well over a year now, and I actually drove around the area, it appears to be average for the neighborhood it is in in terms of price.

My question is why has nobody jumped onto this opportunity if it's so appealing? I mean it's appealing to me, but it's bound to be because I don't have knowledge of something. What are your thoughts of this listing?...

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  • Dawn AnastasiPro Member
    Rental Property Investor · Milwaukee, WI · Member since 2013 · 6k+ posts · 4k+ votes
    12y

    Have you visited the property in person and seen the inside? How much in rehab is there?

  • Lawton, OK · Member since 2013 · 28 posts · 4 votes
    12y

    First question: I've not seen the inside yet. I just saw the listing today and drove through the neighborhood while I was in the area.

    Second: I am assuming between $10, and $13k in repairs/renovations until I see otherwise later this week.

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