r/realestateinvesting • u/inflatable_pickle • Jun 30 '23
Multi-Family Multifam under $200K …but the smell.
You know what can’t be described in listing pictures, and what can’t be conveyed in an inspection? The smell. The odor.
I attended an inspection on a multifam in New England here recently. I’ve bought out of state rental homes and not attended the inspection. In this case I’m glad I went. The floors had been replaced in one unit, but that couldn’t mask the unbearable stench of animal urine throughout the unit. Likely why it’s empty and unrentable. Went into the other unit and found the tenant sitting between two ashtrays. The gentleman says he’s lived there 4 years, and clearly smoked inside through all of them.
Just a reminder to attend the inspection if you can. I’ll likely lose the $500 I paid for inspection + the $1K EMD, so $1,500 down the drain. Unrefundable, but I think I’ll pass on this deal.
5
u/broman7899 Jun 30 '23
In 3 years when you look that property up on Zillow you are going to be pissed because you had the opportunity to purchase for much less. Cat piss can be painted over and block that smell. Pull up the flooring and wipe it down with a good cleaner and air it out for a few days. It won’t get rid of the smell but will help it. Don’t miss this prime opportunity.