Why is this property so cheap?

[MetalMat]

Cheap a$$ place

How bad must this home/and or location be for this cheap?!

 

[Wanescotting]

"no photo" should be the first clue!

 

[FrustratedUser]

OMG, crackheads in 3 out of 5 rooms (or is it 12?)

 

[quakefiend420]

any way to buy it now?

if you could get them to honor that one...wow nice deal...and imagine the property taxes

 

[quakefiend420]

Originally posted by: FrustratedUser
OMG, crackheads in 3 out of 5 rooms (or is it 12?)

fumigation should slear out that infestation...unless they just get really high and like it

 

[Farbio]

19x100 for approx property size...that could be a start as to the price?

 

[So]

Originally posted by: quakefiend420

Originally posted by: FrustratedUser
OMG, crackheads in 3 out of 5 rooms (or is it 12?)

fumigation should slear out that infestation...unless they just get really high and like it

By fumigation, you mean napalm, right?

 

[jagec]

hmm, maybe if you burn it to the ground and rebuild?

 

[Wanescotting]

By fumigation, you mean napalm, right?

Nah, natural gas, when they go to light up...................KABOOM!

 

[quakefiend420]

Originally posted by: So

Originally posted by: quakefiend420

Originally posted by: FrustratedUser
OMG, crackheads in 3 out of 5 rooms (or is it 12?)

fumigation should slear out that infestation...unless they just get really high and like it

By fumigation, you mean napalm, right?

ehh..whatevers handy really...napalm, bug bombs, mustard gas...whatever

 

[OS]

They probably left out that it's for rent. If it was $460 for real, you could buy it and no matter how sh*tty it was, you could just flatten the house and sell the land to some drug dealer.

 

[b0mbrman]

Probably selling for $460k?

$460 would even be too cheap to rent

 

[MetalMat]

I bumping for this amazing hot deal

 

[Papagayo]

OMG!!!

I gonna buy 12 of them, keep one and sell the rest on Ebay..

If they don't honor the price, then maybe they will give me a coupon or gift certificate..

 

[TwiceOver]

Missing some zeros.

 

[J0hnny]

It's multifamily, so there are various scenarios to which why it is so cheap.

There are plenty of places in Brooklyn that are down in the dumps. I've seen 4 family homes in some shady areas in Queens for about 500K.

Edit - Oops, 460, not 460K!

 

[geecee]

East Flatbush? That says it all.

EDIT: Wrong forum. Should be in Hot Deals?

 

I could list off many reasons.

 

[Adica]

Just a typo..but $2 per month? Why don't you look into it. Call the realitor and get us an update.

 

[MetalMat]

Originally posted by: Adica
Just a typo..but $2 per month? Why don't you look into it. Call the realitor and get us an update.

I dont live anywhere near there, I live in Louisiana.

 

[JeffreyLebowski]

You have to clean out the roating corpses that have been in there since 1910. On the other hand you'll find Jimmy Hoffa.

 

[freebee]

Its in east flatbush...not really that great an area. Even at 460k, its a good price.

 

[AStar617]

Originally posted by: Adica
Just a typo..but $2 per month? Why don't you look into it. Call the realitor and get us an update.

Realtor.com does an automatic calculation of example mortgage payment based on what number is input, so disregard that $2 entirely.

I'd say this is clearly a 460k typo/abbreviation.

 

[NiteWulf]

I've been looking into these things. It is likely a foreclosed multi-unit property being sold at $460 per unit. Foreclosures often have to be sold at whatever price the previous owner owed on the house.

Problem with these is they get purchased real quick by investors and such (not to mention the cleaning and repairs that are necessary). Basically it's never going to be move-in condition at that price. Depending on the area, you may want to knock it down and build something else or just sell the land.

Of course, there is the one in a million chance that you could buy a clean, livable 12 room house with cash.
Check it out in person.