Wednesday, August 16, 2006

Another Downtown Flipper Condo at Metrome #813

I remember walking down 6th Avenue in the Gaslamp a few years ago. At the time this development was still under construction. I dropped by the Metrome sales office to see the model. I was told emphatically that I need to buy and that they only have a "few units left for sale."

As it turns out Barratt American still has units for sale and the investors that bought are taking losses.

This is the third Metrome condo on this list. Check the search box at the very bottom of the page to find the other two if you're interested in the details.

Type: Listed on MLS(#066044950)

Resale Price: $344,500
Cost: $349,700

Loss@6% Sales Expenses: $25,870
Loss%: 7.40%

Purchase Date: 12/30/2005
Holding Period: 8 months and counting...

Bedrooms: Studio
Bathrooms: 1
Square Feet: 605

Purchase Details: view

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