Newsflash: Growing historic neighborhood question

There is a neighborhood in a historic district in a mid level city. This neighboorhood is growing with a moderate level of construction acitivity activity.There is a an apartment that is selling for 179k ( 2 bed 2 bath, 1300 sf). No renovations are needed since all the interiors are already upgrade from when the complex was restablished.The surrounding buildings, especially with a new construction next door is being sold at 400k ( 2000 sf condos 3 bed 3 bath). Some other apartments in the vicinity are being sold at 200ish (renovated).You think this can be a quick flip? Or a good long term investment based on the gradual growth?



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