4 Unit Foreclosure

[Mark S.]

Hey Everyone,

I came across a 4 unit building that's a foreclosure, listed for just under $175,000. It appears each unit is 1,125 sq ft, 2BR/1.5BA. There is no information on rents, current occupancy, etc.

The PVA website has its 2012 taxable value as $300,000; it has it's 2014 taxable value as $185,000. I'm not sure if this means much, but I'm curious as to the significant drop.

There is a listing agent I can contact for more information, but I don't want to sound like an idiot when I do so. What's the best way for me to find out more information? What questions should I be asking?

I looked up the adjacent quads on the PVA site and there are at least two owners that own more than one building; I'm assuming this is a good sign, but maybe not.