301-292-3636 
13th Street NW, WDC was a large single-family row house in a much sought after area in NW, DC. The owners died and left the house to out of state heirs. The house was vacant, in disrepair, and the heirs wanted to sell quickly. This was a buy, “clean up”, and resell investment deal. The buyer held the property for approximately four months. Here are their numbers.
-
$490,000
Purchase Price
-
$1,000
Clean-Up Costs
-
$7,000
Holding Costs
-
$655,000
Resell Price
-
$157,000
Net Profit
-
Approx 4 months
Time Frame