Modern Farmhouse in Ashby, MA!!!

[Olivia Grabka]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $134,900
Cash invested: $191,277
Sale price: $418,000

"Modern Farmhouse" Bright Upgraded Kitchen with Energy Star Appliances is wide open to Huge Fireplaced Family Room that has Vaulted Ceilings, Exposed Beams, New Skylights and TONS of Windows! Another Fireplace in the Formal Living Room and Yet another in the Formal Dining Room. Off the Dining Room is the Master Suite. Welcome to your Sanctuary. New Large Skylight and Slider that goes to Deck, Giant Cedar Closet and Immense Bathroom that has a soaking, tub double vanity and Sauna.

What made you interested in investing in this type of deal?

House was listed for sale on the MLS for 8 months, there was a sale on the street for over $400k and the house was available for $135k, we thought it was a good opportunity.

How did you find this deal and how did you negotiate it?

Property was listed on MLS, it was bank owned; we made an offer and the bank took it.

How did you finance this deal?

Fix & flip financing.

How did you add value to the deal?

1. New septic system
2. Gut renovation
3. New heating system
4. New roof
5. New flooring
6. New EVERYTHING

What was the outcome?

We made a $54k profit.