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Updated almost 5 years ago on . Most recent reply

User Stats

47
Posts
21
Votes
Ashley Owens
  • Architect | Developer
  • Ayer, MA
21
Votes |
47
Posts

The Cleghorn Residence

Ashley Owens
  • Architect | Developer
  • Ayer, MA
Posted

Investment Info:

Single-family residence fix & flip investment in Fitchburg.

Purchase price: $20,000
Cash invested: $82,000
Sale price: $130,000

This home was abandoned and gutted when we found it. It had been vacant for 6 years and had become a safety hazard for the neighborhood. We came in and removed everything from the inside, cleaned, and built it all back up. This was our first fix and flip project and it took us awhile to work through the process from purchase, permitting, construction, and sales. This project really jump started our excitement for rehabs.

  • Ashley Owens
  • Most Popular Reply

    User Stats

    47
    Posts
    21
    Votes
    Ashley Owens
    • Architect | Developer
    • Ayer, MA
    21
    Votes |
    47
    Posts
    Ashley Owens
    • Architect | Developer
    • Ayer, MA
    Replied

    Thanks @Scott Mac! Hmm...I'll have to look into why the other pictures aren't showing up. When I look at my posting there are 6 pics. 

    Also thank you @Kati Henry Ortiz! It was a fun project. It's actually a few years old now. We renovated and sold it in 2017 and now we're working up the road in Harvard on a 4 family project also in sort of a house hacking style. I loved working in the Fitchburg area. There's a lot of potential there. We've done a few projects there for other investors as well. Good luck with your 2 family! Happy to help or answer questions if you need anything. Here's a link to our current project if you're interested in our marketing video :)

  • Ashley Owens
  • Loading replies...