An Investment Property Matchmaker & CityDwellers investor has done it again! This house is located in upper Northwest off of 14th Street near Eastern Avenue (Shepherd Park). The buyer purchased this deal in February 2009 for $358,500 and sold it less than 7 months later in September 2009 for $757,500 (exactly $399,000 more than the acquisition price).
We estimate that the work and expenses related to the sale of this house cost about $200,000, so the investor made approximately $200,000 in a few months. Not bad, huh? Stay tuned, more deals are on the way!
BEFORE & AFTER PICTURES (click to enlarge)
VIDEO TOUR
BASEMENT PHOTO: WET BAR
