Light value-add project that we acquired from pre-foreclosure, invested $100,000 in rehab and now worth close to $1,800,000
- 1001 Spooner Street, Pasadena, TX
- 20 Units
- Purchase price: $1,250,000
- Built-in 1971
Light value-add project that we acquired from pre-foreclosure, invested $100,000 in rehab and now worth close to $1,800,000
Medium value-add of a dilapidated and distressed property, purchased through a loan assumption with a 4% rate and investing $1.1M in interior and exterior rehab. Property appraised value of $6,000,000.
Increased occupancy by 40% and improved resident satisfaction by 85% through strategic renovations.
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