Hi all, I’m buying a 4 unit property in a great area in NJ. House is being sold ‘as is’, no problem there, I understand what I’m getting myself into. The first showing went very smoothly, by the time we went with the inspector during attorney review the basement had 6 inches of water.

The boiler is about 30 years old, water heaters about 9 years old. Drywall has to be ripped out, we have to put an extra battery for the pump and possibly put a French drain system and a few other things. My father is a contractor and he estimated there’s about $20,000 worth of work just with the problem with the basement flooding. This all happened during attorney review and now it has me worried. We don’t know how many times it has actually flooded before and if it compromised the heaters and boiler.

These issues that came up were obviously not present during the first showing. We went with the inspector and to our surprise the basement had about 6 inches of water. I’ve come up with a spreadsheet of how much it will take for me to fix this as soon as I get the property, but since it’s being sold as is I don’t know if I should even bother asking for $15k off the purchase price.

submitted by /u/ng300
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source https://www.reddit.com/r/RealEstate/comments/ehfalu/hi_all_im_buying_a_4_unit_property_in_a_great/