A quick $100k-$200kPosted on Wednesday, May 2nd, 2007 at 11:38pm.
Buy a $4 million lot in the Hill Section, hold it a couple months, and sell it for more than you paid.
This appears to be the strange but true way that someone is realizing $100k-$200k about five minutes after buying 721 9th St., a large 10k sq. ft. lot in a very sweet location with big views.
Purchase closed at $3.95m on Feb. 15, 2007. The lot went up for sale 30 days later at $4.195m. Today, the property is in escrow.
The listing offered "conceptual plans" for an 8,000 sq. ft. home.
Presumably the holder of the lot was willing to slog through actually building a new home on the way to earning even more money. But why bother if you can flip the lot and sweat not a bit?
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