Went to the open house today. Relatively busy, saw about 5 parties in the 30 minutes I was there. TOTAL GUT, perhaps the tub? Hard to say if its worth putting 100k into it in this market. Positives: Flow is very good and the room sizes are very good particularly the second BR. Taking down the wall to the kitchen is an easy win that would improve the kitchen and living room. Having a second bath is... [more]
Went to the open house today. Relatively busy, saw about 5 parties in the 30 minutes I was there. TOTAL GUT, perhaps the tub? Hard to say if its worth putting 100k into it in this market.
Positives: Flow is very good and the room sizes are very good particularly the second BR. Taking down the wall to the kitchen is an easy win that would improve the kitchen and living room. Having a second bath is very nice. Huge closets and a good number. Big master bath. Relatively good light although the LR was not bright. New windows and a nice entry gallery.
Negatives: Floor is low and the bus stop outside the window. Light is not great in the LR. The condition is very rough which is expected but the pipes coming through the ceiling from the other apts are worrisome from a noise/build quality perspective. (This line has an extra window starting on the 6th floor which would make the LR much brighter.)
Maint has gone up significantly in the last few years. The same line sold 2 years ago on a high floor with maint of 1,100 and now this low floor has $1,500+/-. Its going up again in February. The elevator looks new and the lobbies have new wall paper and fixtures. Apparently there is a small underlying mortgage. The building by the look of it was not built to the higher standards compared to some of the other WEA stalwarts. Mailboxes are in the lobby, a spaceheater was heating the lobby etc.
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