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Tuesday, March 23, 2010

Analysis of a Bargain: 715 20th Street



I closed yesterday on an investment property with a client.  I am excited for this client since we have been looking for several months and finally landed a bargain that should turn into a nice finished product.  The property sat on the market for a while before the price soften enough for us to pounce on it.  Here is a chart showing the price point over time. 

 
My client purchased the home for $48,000 cash.  Post fixup value is estimated around $105K.  The home needs some love but will shine nicely when complete.  Here is a tour of the property:



Stay tuned for a great Before and After Video for this one!

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