SANTA MONICA, Calif.--(BUSINESS WIRE)--SouthCorp Capital, Inc. (OTCQB: STHC) announced today that the Company has agreed to sell one of its properties. The Company will receive a return of approximately 300% on the sale of the property.
The Company acquires properties that have been condemned or near condemnation. As such, the Company is able to acquire the properties at below market price. Once the Company completes renovations, the Company lists the property for sale. The Company’s overall expenses are reduced on renovations since our Chief Operating Officer is a licensed contractor.
About SouthCorp Capital. SouthCorp Capital, Inc. is a Delaware corporation. The Company focus is on the acquisition and renovation of single-family and multi-family properties in the U.S. with the intent of reselling the property after renovations have occurred. Our real estate investments are expected to focus on properties undervalued and/or in need of some repairs.
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