Flipping of Properties

Someone broght to my attention that a building on Barclay Street that was purchased a year ago (I do not recall the number) for $53,000 is being offered for $159,000 and nothing has been done to it. No improvements, nothing. And it is being offered as "investment" property...read..."Not to be owner occupied". When checking who owned it it was discovered that it was an LLC registered to someone over on Washington Avenue. It is my contention that such an offer to "investors" for a property that received no improvements is an invitation to slum landlords, besides that the people behind this LLC are trying to make a killing for nothing and drag down the quality of occupancy for the neighborhood. Is this a reason for outrage?