The building was built in 1965 and was remodeled in 2011.Seller is asking $300,0004 units - 900sq ft each - currently rented at $700 per unit - Tenants pay all utilities except water/sewer which averages $250/month.Insurance is $1,600/year and taxes are $2,600.It makes sense as far as I can tell.

I thought I remembered them posting it on there a few years ago?

I have also been told in person by an individual that is a licensed Realtor that it is +- 600 sq ft.Can someone give a thorough explanation on the rules to finding comps?

So, I'm very comfortable in the construction space.My husband and I have been investing in real estate for 5 years, currently have 14 units.My strength has been value engineering our construction projects. 

About 3 years ago we had an unbelievably juicy deal that a banking institution needed to get rid of brought to us by a broker who had spent a full year following up, selling, negotiating, contacting, etc until he had a deal.  

This year The Bourbon Trail will generate more revenue than Napa Valley.

On average, 20% to 40% of those components fall into tax categories that can be written off much quicker than the building structure.A Cost Segregation study dissects the construction cost or purchase price of the property that would otherwise be depreciated over 27.5 years for residential property or 39 years for commercial property.

However, this lot has been a huge eyesore for years now.

I'll know more after of year of doing this

I’ve seen a lot about using as a rental for 2 years and then converting to  primary residence.