SE Holgate Triplex
Blazing a trail in late 2007 despite the crashing economy, this property was purchased for $262,500. Each unit was rented for $600. A complete renovation was undertaken ($75,000), and all three units re-rented for $900. It was sold for $357,500 in summer of 2010. While the profit was marginal overall, this project proved that you can profit in the middle of a recession, even in constricted financing times, if the property is well done!
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