USA Today: Old Phoenix ranch house gets rehabbed, at a profit30 May
Old Phoenix ranch house gets rehabbed, at a profit
by Wendy Koch, USA Today
In Phoenix, a city where the real estate slump has hit hard, developer Philip Beere has found an eco-friendly way to make money by rehabbing old homes, most in foreclosure.
He dramatically upgraded the looks and energy efficiency of a 1,600 square foot, 70-year-0ld ranch house in the Pierson Place Historic District near the city’s new light-rail line. He then resold it.
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