All components rotted with worn finish .Unknown foundation status , with uprights set on blocks and wood.

So this is what I have... a 3 bedroom 1 bathroom home with a 2 car garage, fenced in yard, less than a block from the grade school (great neighborhood, small town).

Reason I can rattle this off - we did the Freddie Mac acquisition financing on the The Rylee Ann Apartments - a 105 unit multifamily deal a few blocks northeast of the Old Wenatchee Bridge (and future Hale Park) in 2019 and have been active in the market over the years.Let me know if you ever need any market data that would help with your planning (CoStar / Yardi / REIS / Axiometrics / Appraisal), rent/sale/expense comps, entry/exit construction / bridge / takeout planning, or stabilized operating budget assistance. 

It is two blocks from my daughters college and I will be converting to furnished student housing and more than tripling the cash flow in early 2020.

That being said, not all blocks in a neighborhood are bad. 

I say this because in that particular town, there are rehabs on nearly every block which tells me this market is very competitive at the moment. 

I lived in Los Angeles for the last 30+ years and I know which "blocks" have problems so I avoid them (Watts for example).

In my opinion, the deals are found in the gray areas of the block I just mentioned above.

I do not know the area at all, but just by Zillow and changing the criteria to show sold properties in the last 12 months, it looks like houses in the surrounding blocks are mostly $130-150k ready to go (not fully rehabbed to be top notch).

Sometimes it’s several blocks away.