The Marlborough Flipped in a Year For Double
From the Seattle Times, Vintage apartment building on First Hill sells at a premium.
The Marlborough, an apartment, that almost converted to condos, but went bankrupt, was then bought for $12.75m in September 2010, fixed and leased up. It just sold for $26.7m. Nice work Trinity Real Estate of Seattle and Helix Funds on the flip! Especially considering you only spent $3m to $4m on renovations.