Just off the top of my head, this is way more than $60k....that would be the low end, IMO....The deck rebuild (to code) is $15k+.

@Alec Anderson, it is too much of a legal liability if you ever say the property doesn't need flood insurance because if it floods and they don't have coverage it might come back to bite you when people are desperate and have to figure out how to rebuild after a major loss and a flood loss is costly.

If the bricks have deteriorated or the mortar washed out, then you would be heading in the direction of rebuild/replace rather than repair.You should probably consider having a foundation specialist and/or structural engineer examine the foundation and provide you with an effort and cost estimate for repair/replacement before finalizing a purchase of the property.

Here in CT the sale price of a property often exceeds the rebuilding value of the building due to the value of the land. 

It may be easier to remove and repair the siding.If that is an entrance you could rebuild a much smaller cover just over the door.

Moreso you're looking for developers that want to rebuild.

It was about $600 in permits, $800 in utility kill (assuming you're going to rebuild there and Class A street work is completed in your rebuild), and $12000 in labor and dump fees.This was for raised foundation (cheaper than slab), no garage, very accessible lot for working space, urban location (less hauling distance), and taking advantage of recycling credits for C&D waste. 

Has anyone ever tried to bring a group of investors together to rebuild a town?

We are looking at tearing down a current up/down unit and building a 2,3 or 4 unit on the property. This is new to us and wondering if anyone can assist or guide us in doing this in the Spokane area. Thanks!

My question: is it profitable to Raze-Rebuild-Sell, do repairs and sell, or just cut my losses and sell it AS IS?