More Investors Jumping Back Into West Grove
September 1st, 2011 | categories: Coconut Grove Real Estate Market Conditions
Going along with yesterday’s post there have been three more sales in the West Grove which were purchased by two different investors.
I had the buyers for the first sale which was a duplex located at 3065 Elizabeth Street. This property closed for $560,000. They intend to put renters in each of the townhouses and at this price will get a nice return on their money. The townhouses were built in 2007 and are in very good condition.
The other transactions were for two side-by-side townhouses located on New York Street. They were foreclosures and listed for $319,000. The properties sat on the market for a matter of days before getting snapped up by an investor and closing for $300,000 a piece. Listing broker was Lowell Homes.
Investors coming back into the market is just another great sign for Coconut Grove!
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