Wednesday, June 22, 2005

Developers Deal at Five Points

newsobserver.com | NC:

The great inside the beltline formula of Buy-Raze-Rebuild-Mansion- Flip is spreading to Five Points...

"The partners recently paid $345,000 for a 1,200-square-foot home on a half-acre Carson Street lot. They tore down the house and built three, 3,000 square foot homes. Two already have sold for more than $500,000."

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