A pre-foreclosure property, this 100 year old home needed a lot of help. Our biggest project to date, the simultaneous remodeling of all three units of this triplex was a tricky balance of resources and objectives. The client's goal was a maximum yielding property with the objective of putting it back on the market.
Return Before Renovations: 8.6%
Return After Renovations: 14.12%
Increase Rent per Dollar Spent on Renovation: $.40
Months To Recoup Renovation Costs: 15 Months
Timeline: 14 weeks
Project Parameters: 4,000 sqft, 3 kitchen, 5 bath overhauls