Two props in one, freebee or a lot of headaches?

[Shane M]

I've been looking at a deal that apparently has 2 properties on the same lot. When I look up the tax info. I get one record as the primary property and another as the primary and the secondary property.... how could this be?

Considering we are talking about two properties for a really low list price, it is potentially a 60-70% ARV deal without even low-balling (and of course you would).

What could the negative recourse be with two properties on the same lot? What are the typical problems you run into with two units on one property. Are they harder to sell? I'm thinking it may be a good idea to try and split the lots too, but would I do that before I rehabbed them both for tax purposes? One may have actually been condemned at one point, maybe that is why it doesn't show up on one tax listing?

The good news is, when you look at these properties from the outside, it looks like a mini slum between the two of them. With some major demo and trash removal and a little rehabbing on one prop and probably a total gut on the other it could be a smoking deal. But there may be some pitfalls, your thoughts?

Thanks!