Here is a link to an FDIC owned duplex priced below replacement cost: Link to Duplex
When these properties first hit the market they were priced over $500/sq ft and over $3.5 million each. During construction I walked these properties on multiple occasions, inspecting the construction type and materials used. These units are 90% finished and from our initial walk through, it appears to be a minimal amount of work required to finish the properties.
We continually post information about bank owned properties and/or what we feel are strong opportunities. Thanks for following our blog.
Have a Great Thanksgiving!!!
Thursday, November 26, 2009
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