The Cleghorn Residence

[Ashley Owens]

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.