That headline number from the assessor doesn't tell you much until you dig in, especially when multi's are so tied to the performance of your rent over the like-kind comparison of sq footage/finishes of single family homes.You could have a valuation from 125k-200k+ without specifics.

I'll just dig through his notes when he gets back, and I'll be on the lookout for other great opportunities like this one!

It all started with a cheap, lazy contractor who should have kept it above ground and put a shed around it but decided since the bulldozer is on site and it's easy to dig a hole, it saves him money and they basically pass on their responsibilities.

Some people dig out their basements and get a legal apartment below them.... a painfully slow process from what I've observed.

I'm digging that color scheme.

Seems like many of us on BP have engineering or technical backgrounds and are using our analytical skills to dig into real estate investing.  

And I always recommend to Philly/Philly suburbs people to check out the local REIA group, DIG (Diversified Investor's Group).

Just like everyone digging bunkers in the cold war.

If you take a shovel and dig down at the end of the field , does water rise in the hole  ?  

I can do a little more digging into it.I am going to talk to smaller lenders, tomorrow actually!