The info provided is from a wholesaler Please note he states its a teardown and the asking price is more than the comps he provided which are larger properties than the subject property.SFR2 bed / 1 bath 792 sf Lot: 8,599 sfPickup Price: $475KEst Rehab: $775KAfter Repair Value: $1.8M ($450K per unit)Tear down existing home to build 4 brand new townhouses with 3 bed 3 bath and approx 1,500 sf each unitComparables: 12307 Cheshire St # A Norwalk, CA - 3 bed 3 bath 1,322 sf Sold Price: $435,000 14786 Pioneer Blvd Norwalk, CA - 3 bed 3 bath 1,483 sf Sold Price: $422,000 12309 Cheshire St # C Norwalk, CA - 3 bed 3 bath 1,142 sf Sold Price: $417,000

It's somewhat surprising as prices for Mass overall continue on their tear as "last month the median single-family sale price increased 5.8 percent to $402,000, up from $380,000 a year earlier.

I am trying to determine if the purchase of this house is a good deal for tear down and new duplex construction  numbers are 105k for house $225k for renovations.

If you're stuck with this house, get the garbage cleared out and start tearing off sheet rock and see how bad it is.

My wife and I just purchased a tear down home on a good lot in 78704 Zilker area to build our homestead.  

Wear-n-tear may increase with higher occupancy, but it can't easily be measured and quantified, so leave that bit alone.

Hey @Andre Valdes,Rather than tear down, have you evaluated doing a gut renovation to bring the property in line with the rest of the neighborhood from a  fit & fittings standpoint?  

I have this property under contract I have had multiple cashbuyers go see the property its a 3b 1b the seller said it’s on a double lot but the lot it’s not big enough to split, however it’s a single family home and it’s a potential tear down it’s gutted it’s in real bad shape the seller ran out of capital that’s why he wants outs.

MArket value is what you can sell it for and disposition value is what it costs to remove it or tear it down, I believe

Did the previous tenant damage the walls and ceilings, or where those pictures from during the tear down?