Non-conforming four units, needed to be remodeled back to 3 legal units. Asking price, $379,900. Working as the buyers agent, we achieved a final purchase price of $250,000. Post closing, assisted the buyer thru a $235,000 renovation, taking 2 units and merging into one unit, and a very aggressive remodeling of the other two units. The property ultimately was reappraised for $660,000 and it’s (Aug 2012) achieving $4750 per month in gross income.
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