Real Estate for Sale: Pennsylvania, US, Fast Sale wanted with high profit potential - 904 Grant Avenue

Asking Price: $5,000
Location: 904 Grant Avenue
City: Monessen
State/Province: Pennsylvania
Country: US
Type: Single Family

This is a 2 story 2 BR/1 Bth with basement. The town is in the process, for a number of years now, redeveloping the entire area. Average house price is approx.$98,000 as of April 2007. This house at the time comped about $50,000.
It was a foreclosure in the town of Monessen, Pa. Just outside of Pittsburgh. Unfortunately, the closing was fumbled a bit by the seller and I ended up not getting insurance on the property the week before someone set a fire in the kitchen. The deal was originally a good one for me. I have a small construction company that does HUD rehabs in the counties around where I live. This investment would have given me at least a quick $10,000, after fixing and selling at a nice discount for a fast sell. Now, with a kitchen fire, the estimated cost to fix went from $6,000 to about $15,000. This wouldn’t deter me, if it weren’t for me living 7-8 hours away. I also would have a problem leaving my business on hold while away for a month to six weeks to fix it.
Currently, I’m waiting for the town to possibly demolish the house, in approximately four months time. Afterwhich, I’ll just have a vacant lot and a lien for the cost of demo.
All offers considered as time is important.