We purchased this 3000 sq ft 2 unit apartment property for $80,500, on 2/6/2017. The property had been vacant off and on for 10 years. It had gone into severe disrepair. We discovered 2 dead possums by the water heater while doing the demolition. It appeared they had been dead for years.
There had been major water damage causing ceiling and floors to be very unstable and in some areas totally collapse.
The 1000 sq ft ground floor level unit has 2 bedrooms and 1 bath. It has considerable mold and mildew. The carpet has mildewed so badly that the moisture level in the property is extremely high.
The upstairs unit, which is currently a 5 bedroom 2 bath 2000 sq ft upstairs/downstairs unit with gas fireplace, also has considerable water damage and unstable floors. If we are not careful we will fall through the floor due to so much rotten wood. The ceilings have to be held up with 2x4's to prevent them from collapsing.
All 3 Bathrooms in the property will need to be gutted. Our goal is to add an additional bathroom to the downstairs unit and then add an addition master bath to the upstairs apartment unit.
Meanwhile, the exterior of the rear of the property has major issues.
The skeleton on the exterior of the house is eaten up with rotted wood and by termites. The door frame has rotted and it appears has also been eaten up by termites. We have secured the exterior of the house with plywood and OSM board.