A look at our multifamily acquisitions and the value we've created through disciplined renovation and management.
Norwich, CT — 7 units of various sizes including efficiencies, 1, 2, and 2.5 bedrooms. Purchased in 2017.
Upgrades included new appliances, flooring, kitchen and bathroom renovations, upgraded heat and hot water systems, exterior siding, new gutters and windows, plus a community garden, BBQ area, and play area.
Tavares, FL — 24 units of various sizes including efficiencies, 1, and 2 bedrooms. Originally a 1960s roadside motel with buildings added through the '90s. When purchased, it was operating as weekly rentals with a rent roll under $7,000/month.
Upgrades included new management, new roofs on multiple buildings, complete interior renovations, kitchen and bathroom upgrades, plumbing and electrical system overhauls, full exterior paint across all 5 buildings, new gutters and windows, plus a new laundry room and community area.