One nice surprise that my contractor saw but didn't fully appreciate initially, is that the original stair cases are in great condition (relatively speaking) and can be restored rather easily.

@Joseph Tarallo are you saying you intend to actually occupy one of the units and rent the rest, or that you intend to rent out all the units?

Stating that tenants had been disconnected for non payment of $389.00 two months ago and that somehow the tenant had reconnected the shut off & water had been restored and they were billing us for damage to water meter and bills from date of disconnect-- regardless of it being a rental and the account NOT in our name because we are the property owner they are coming after us.

I've moved houses, gutted and restored, rebuilt and restructured homes and even a couple of 110 year old barns.

The current list price is $27k.Has anyone ever taken a house like and restored it back to a SFR?

do you know what houses in your area are currently selling for(no but I know what I paid for it)Do you know what the repair cost will be to restore the house(yeah a few 100 dollars)what would you do if the house does not sell?

Someone came in and stole all the copper wiring which required us to pay extensive additional expenses for new wire, new sheet rock repair, and new paint to restore it to new condition.it also took longer than I expected to get permits, design drawings, and final inspection and meter installation.

Figure we'll just go sweet talk the code enforcement officer and explain our plans to restore an historic home, but that with the exorbitant fees it's impossible.

I live for my days off, when I can look for, repair and restore or recreate salvaged items.

Thankfully the tenant elected to stay at a relative's place and the water service was restored the next day, but it was certainly an eye-opening experience that has me rethinking my target price point for condos.