Project Description

Asset Type – Multi-Family (Triplex), Spanish Colonial Architecture, in an urban Midtown neighborhood of historic era homes

How Acquired – From a Real Estate “Wholesaler”

How Funded – Private Investors Loan and “Self-Directed” IRA

Objective – “Buy-Fix & Hold” (for monthly rental cash flow)

Scope of Work – Complete Gut, Reframing and Foundation project, All rooms renovated including kitchens and bathroom.  There will be significant landscaping.

Exit Strategy (Outcome) – Neighborhood gentrification is accelerating as high end rental demands accelerating.