Off market Duplex : Northbridge, MA

[Christopher Golden]

  I recently met a guy on a job site that during a brief conversation about real estate, had explained that he was interested in selling the duplex he lived in.  I asked what he'd like to sell for, and he came back with $160k, which is what he told me he had remaining on his mortgage.  Without getting into the merits of if he's actually interested in selling, the price seems to be a good deal on the surface, but I was curious if anyone had any information about the market in the Northbridge area.  I've never been to there, but it's pretty rural area, but with in short drive to Worcester and surrounding areas.   

 Real quick, There are 2 - 3bd 2 bth units.  Plenty off parking and I believe there was a small detached garage on the property as well.  It' s located centrally in town near the school and church.  I am interested in this property, but I am looking for some insight on the area.  Namely,  I am still pretty green when it comes to analyzing deals.  I have the rehab costs figured out pretty well, but where I completely lose confidence in knowing what I am doing is Comps.  Just quickly looking around the area for recent sales and I see single family homes and a couple duplexes and they have been selling in the $230k-250k range.

  Is there any BP members that are familiar with this area of Massachusetts that would be willing to share some information on the market?  Am i looking at a potential BRRR property (my initial thought), a flip, possible wholesale opportunity, or should i run away really fast from this one?  I'm just looking for advice on how I should be looking at this. 

Thanks