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Updated over 4 years ago,
15 Rosemont Ave Orange, MA
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $25,000
Cash invested: $24,000
Sale price: $98,000
Fantastic price point for this renovated home!!! This cozy & wonderfully kept home has plenty to offer. First floor offers generous spacing with clean lines. Updated kitchen with stainless steel appliances are a rare prize at this price point. Second floor has renovated bath with beautiful exposed wood beam in bedroom. Backyard offers plenty of space for storage, sports vehicles & other fun activities. Call team member for showings, property will not last at this fantastic price!!!
What made you interested in investing in this type of deal?
The price!!! We were able to buy this for $25,000, thought there was no way we could lose money.
How did you find this deal and how did you negotiate it?
On the MLS.
How did you finance this deal?
Paid cash.
How did you add value to the deal?
We renovated the property; I think the house just needed someone to show it some love... We showed it a lot of love and sold it to a new family that loves it as well.
What was the outcome?
We made a fair profit.
Lessons learned? Challenges?
Inspect what you expect; learned to double check assignments with contractors...