I have found a property which should in my opinion be torn down. It is on the market now for 34.9k and is owned by an out of town owner. Has been on market for 8 days. I would like to offer 5k and tear it down and put a duplex up. It is on a corner lot across the street from a school. It is also located on a busy street. Anyone have experience with something like this situation? Just curious as to how you approached the deal and how all turned out. Would like to hear from you. Graciez
The conventional REI wisdom says that a “scraper” is worth the value of the land minus the demolition costs.
Thank you, appreciate knowing that. Graciez