The house was originally built in 1942. It has two bedrooms and a single bath in about 800 square feet. Unknown is whether the attached "apartment" is supposed to be a portion of the 800 square feet. There is an addition in the back of the house that allows the "apartment" to access the main house. The roof appears sound and has maybe another 5 - 7 years left on the shingles.
Here is where it gets interesting:
The swamp cooler doesn't work. The A/C unit, which is about 8 years old, runs, but doesn't cool or heat properly. Probably 50% of the breakers in the breaker box have two - one has three - wires running from them to somewhere. The gas water heater is in a compartment that vents inside, and has no insulating collar around it where it goes through the roof. The electrical service is from overhead power lines, and the fixture that secures the power line to the house looks like it could come off at any time. There are no smoke detectors or carbon monoxide detectors. The house has been treated for termites, and there is evidence of a major termite infestation.
My client currently owns - and lives in - a home just down the street. Many of his relatives live in a 3 block radius. His emotional pull to this house is such that he desperately wants to own it. However, he has never been a landlord. I have tried to explain to him what his responsibilities as a landlord will be, and how much money he must spend to make the house safe and livable. He doesn't seem to care. He is ready to own this home for $55,000, and then put another $20,000 into it, just because it is in his neighborhood.
What a pity.
#Avondale , #Goodyear , #Buckeye , #Glendale, #Phoenix, #Surprise, #Peoria, #Tolleson, #Laveen, #Waddell , #Wittman
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