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An Investor's Nightmare in Uptown

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Remember that 2BD, 2BA in Uptown that sold for just $1,500 last month? The place isn't exactly the "investor's dream" the listing originally promised. The blog Uptown Update has a pretty extensive archive of posts on the development, which is known as the Mosa Building. Turns out, the place was an illegal condo conversion from the start, and last year it suffered a terrible flood and went into receivership. Head over to Uptown Update for the whole story. [Uptown Update]