May 26 • Deal Analysis
Thoughts on a 2-Unit Sudbury Property
Hey everyone, I was looking into a deal in Sudbury — a 2-unit house with potential to add a basement unit. I visited the property, and while the units look okay, but the place appears old like really old. A few concerns though-
- The current owner bought it recently to renovate but has now decided to sell
- The basement has leakage issues and needs about $12K in repairs (the owner might cover this depending on the sale price)
- The garage is also in bad shape
What are your thoughts on this? Do you think it could be turned into a solid rental with some investment, or is it too risky to take on? Has anyone here taken on a similar property and made it work?
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Thoughts on a 2-Unit Sudbury Property
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