Just perusing Catalyist and came across a 56 unit garden apartment deal in a solid area and the deal mentions the ability to assume the debt vs the early payoff fee on the current debt.

I decided to clean the house myself (1 full day, house + windows) and the painting and garden cleanup took another 2 days. 

Purchase price: $1,833,000 48 Unit garden style asset 1976 Vintage What made you interested in investing in this type of deal?

It will be at Rosehill Beer Garden, and I'd be happy if y'all joined us.

Hire a gardener and bake it into the rental price.

Boasts in total 4 bedrooms, 3 baths, chef’s kitchen, wood burning fireplace, lounging areas & decks, custom 14ft x 7ft hot tub, in-ground swimming pool with cabana, outdoor 42" propane fire pit, 65 year old cactus garden, boulders galore, & incredible desert views What made you interested in investing in this type of deal?

It's worth noting that the house sits on a 10, 000 sq foot lot, so there's plenty of room to garden or potentially build more rooms for students, even a whole separate outhouse type thing, to rent out...My questions to the community: why is the house going for so low?

I am in Orlando area, Winter Garden/Clermont.  

The only properties that have sold in the Kashmere Gardens area, Houston TX. 

Each unit renting at $1,850.00 on a month to month basis and the garden level apartment renting for $1,950, with an additional $900 rental income for basement storage totally a gross monthly income of $6,550.00 Cosmetic work advised to increase rental value.