The Perotti Group found purchased this two parcel, 16 unit, property with 13 investors in July of 2005. The purchase price was $750,000 or $47,000 per unit cost. The value added element was in a remodel of both the exterior and interior and condominium conversion. The Condo’s were sold at $125,000 per unit with a REAL return of 42.55% to the Investors.