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?

Read more at https://www.reddit.com/r/RealEstate/comments/6kr7p5/growing_historic_neighborhood_question/?utm_source=ifttt

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s