I spoke with the listing agent and my findings are below as well.http://www.zillow.com/homedetails/11240-Garden-Blv...- It has been for over 60 days in the market- Bank lowered the price just yesterday- Comps from Zillow (similar sold houses) are all above 80K- Area does not seem great, that's why I'm mostly looking at selling it, not holding to it.Findings from listing agent:- It needs AC/heat unit- No idea of when the roof was replaced but it does not have signs of leaks- It might need some work inside, seems to have been a day-care before.

Charles line, garden district, up in the Marigny / south 7th ward, etc.

I am not a huge fan of garden apartments but this building is built out to have a legal basement with very good access and ceiling height so hate to waste that value add if we can contest or file a few documents and get a legal 4th unit.  

@Brandon Thoennes, feel free to stop by our meeting on April 12th at the Hyatt Place of Garden of the Gods.

I see your issue got resolved, but for the future, maybe live in the garden unit if there is one until they move?

So much deferred maintenance that there was actually holes in the walls and squirrels and critters were living in the home ala Grey Gardens.

steve,all of our properties are rentals. check our my website too.this particular one is in Garden city, michigan. borders Wesland, close to livonia.

I continued my investing and rehabbing and have done single family, multi-family and partnered on small garden apartments and office buildings - we held a few , flipped a few.After I moved out of NY, I wanted to get more involved into the "paper" of Real Estate I already had solid background on the valuation side having already become a certified real estate appraiser for residential & commercial properties as well as other certifications. 

Market rent for each is about $2500/month, tenant would be responsible for all utilities except the gardener ($50/mo).  

Its definitely coming, question is when, not if.There is a ton of new construction in the windermere-winter garden areas right now and if the bubble pops, you could end up getting a really good deal in a superb neighborhood.