@Mat O'Grady thank you for reaching out , and don’t know if i can drive to Lyme on Tuesday cause work but ima try my best and let you know

Even when I was younger and went to the laundry mat, I remember paying for two dry cycles.

It often means that a property is uninsurable, or has had a hazardous substance issue (like meth preparation on the premise - this substance's ingredients leave lots of dangerous chemicals behind and are exceedingly expense to remove from a location most often requiring special equipment and haz-mat clothing).

Especially since I could get a higher return at a click of a mouse by investing in a stock market index fund and without having to find a property, deal with tenants,....

Thanks @Mat O'Grady. 

The wood flooring is disgusting from the previous tenants dogs that they didn't care for, and discovered mouse droppings behind the appliances and in the back of the cabinets.

If there is water infiltration in the basement through walls or the floor, you will need to figure out a way to waterproof (may have to rip up the old floor slab and pour a new one, put in interior French drains and drainage mats on the wall, etc).

The property has no washer/dryer so all the tenants are having to go to a laundry mat.

I only found one dead mouse.

Purchase price: $550,000 Cash invested: $50,000 32 Unit Apartment Complex 1 Mile from Greenbrier Resort-24: 2 bed/ 1 bath units (Current rents = $400-$495 ; Projected Rents: $650-700)-8: 1 bed/ 1 bath units (Current rents= $300-$400 ; Projected Rents: $550-600)-Purchased at 7.76% Cap Rate -Current NOI = $32,500/year-Mom & Pop Managed-Owner Paying Water ($28,000 Bill in 2018)-Laundry Mat on Site = Not functional-Purchase Price: $550,000-Appraised Value on purchase = $700,000Big Value Add Opportunity-Renovate units to bring to market rents-Repair plumbing leaks to reduce water bill-Bill back tenants on $50/monthly water bill-Get Laundry Mat up and running-Area CAP Rates 9%-Even at current 2018 expenses (we will have these reduced after Cap Ex repairs on units and exterior) we will be at value of $1.7million+ Plan is to bring NOI up, perform cash out refinance in 24 months maximum.