Owner Occupied Purchase and Full Rehab

[Shaun Peterson]

Investment Info:

Single-family residence buy & hold investment in Oklahoma City.

Purchase price: $235,000
Cash invested: $71,750

Full gut and remodel of a primary residence to live in. House was bought due to proximity to downtown, lot size and placement, and neighborhood is extremely desirable. Purchased at a $15,000 discount below appraised value. Houses in close prxomity have sold for substantially more and neighborhood is an area that is in the early stages of gentrification near areas that have already seen steady growth in this area.