Single-family residence fix & flip investment.
Purchase price: $16,000
Cash invested: $82,000
Sale price: $162,000
Completely Renovated with a contemporary style. This home is situated on a quiet dead end street in the up and coming Phoenix Hill neighborhood. You'll find it is close enough to all of the nearby areas, an easy walk to Nulu, Paristown Pointe, Highlands and even the waterfront. It is full of charm and character with open concept, original hardwood floors and high ceilings, but also with lots of modern finishings. It also includes a driveway (rare for this area!)
What made you interested in investing in this type of deal?
Purchased the home for $16,000 as a complete burn out.
How did you find this deal and how did you negotiate it?
I found it on the MLS.
How did you finance this deal?
How did you add value to the deal?
SOLD it for more than asking.
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