I am a N scale modeler living north of Indianapolis and I have been looking for a model railroad club within my city and could not find one which leads me to posting this. I am looking for N scale modelers within Hamilton, Marion, and Hancock counties to start a start a model railroad club. I already found the perfect building for the club. It’s for sale for only $750 and a two story building in Indianapolis. The first story could be for the layout and the second story could be the workshop where activities such as painting, detail work, repairs, and hold meetings could take place.
The flyers and donations will be made by me and advertise in Hobby stores and local railroad store events. If you want to know more you can message me on here for more info.
No, it’s legit. However, I seen the building on google map and it’s near a parking lot and office building. I already contacted the building agent, just waiting to hear back from him.
$750 sounds to me like a misunderstanding – maybe $750,000 would be more accurate a price for a two story building, no matter where it is.
Many realtors state prices in simplistic terms to entice prospective buyers. “From the low 100’s” means from the lower $100,000 price range (somewhere between $100,000 to $150,000) for a one bedroom house with no garage or carport (and no light fixtures or appliances) around here.
I’m pretty sure it’s the real deal. The ad has been up for several months and if there was a mistake, someone would have address it to the agent who would make the changes.
The building is currently vacant and there’s nothing in the building. It’s the perfect size for a N scale model railroad club.
Blighted properties in horrific neighborhoods in places like Detroit do sell for pennies on the dollar. If it is really that cheap, there must be extenuating circumstances. Besides how much effort is a sales agent going to put into advertising and promotion for their 4% commission?
Even if the property is being sold for only $750, there are still many other expenses that must be taken into consideration: Deed closing costs; Property Taxes (perhaps thousands of dollars in back taxes); monthly utilities; utility hookup fees if everything has been turned off; fire and liability insurance; building permits if any building modifications or upgrades are contemplated or necessary; layout construction costs; and others.
Local building codes may require significant upgrades to plumbing and electrical service before occupancy. All these factors should be considered before jumping to conclusions.
How many potential members do you see as being interested in forming a club? How much do you think they will be willing to pay in monthly dues? What will you do with the building if monthly expenses turn out to be more than other club members are willing to pay?