Birdnest Group acquired Urban Lodge, a 2-bedroom, 2-bath single-family residence in Fishtown dating back to 1860, just one day after it hit the MLS. Listed at $100,000, we secured the property for $75,000 all cash with no contingencies, recognizing both the structural risk and the substantial upside embedded within the asset. At acquisition, the building was in severe disrepair. The rear masonry wall was on the verge of collapse, fire damage had compromised floor joists and decking, and interior conditions made the structure unsafe to navigate. Immediate stabilization and comprehensive structural reinforcement were required before redevelopment could begin.