Women Get Wealthy

Purchased on March 2, 2010 for $110,000, 238 Gerritt street has undergone a complete rehab and is now under contact for $209,000.  The rehab took roughly 11 weeks and the total cost was $46,000.  The interior was completely gutted and the exterior has a new brick front. 

Closing is to occur within 45 days.

After all expenses (rehab, closing costs, realtor fees, insurance, etc.), the total profit will be approximately $28,000.

While the construction was underway, we were approached by a family who owns a property a few houses down, on the same block.  Their mother had passed and they were looking to sell the home.  We agreed to a purchase price of $105,000 and construction on that property is now in progress!