Quote:
Originally Posted by Sun Belt
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Having personally spent time in this neighborhood on multiple occasions, I wouldn't invest in this specific house.
Instead I would tear it down and turn it into a strip mall with the adjacent lots, possibly even that church if I could get a hold of it. That location has more value as a shopping area because of the GM factory across the freeway and being directly next to the off-ramp. As a residential neighborhood, it's functionally obsolete because of the freeway and being so close to other industrial sites.
Overall, that neighborhood should be rezoned into commercial/light industrial land use as the freeway, railways, and road layouts are better suited for it. However, that's highly unpopular with local residents, especially those that still reside in that neighborhood who almost definitely don't make enough money to easily transition to another location.
Otherwise, that $25,000 would be better spent on a home like these:
https://www.zillow.com/homedetails/8...88172165_zpid/
https://www.zillow.com/homedetails/1...88488611_zpid/
https://www.zillow.com/homedetails/1...88581603_zpid/
Obviously, you need a lot more than $25,000 to make these desirable, but they're in relatively stable neighborhoods or near to more desirable areas with decent amenities. It's not guaranteed you'd make a profit in the short term, but you have a far better chance than a house in the middle of a neighborhood that's incredibly vacant.