Investment opportunity makes for a great flip, or incredible value add buy and hold. Plenty of city-funded revitalization projects going on means a high likelihood of continued higher than metroplex average appreciation in the area. Multiple investment strategies are possible with this property and a little creativity! Current tenant been in places for years at 500 a month on a month to month lease, they pay way below market rent. Keep a long term tenant or have a new one and increase cashflow substantially.