Floyd Ave (Fan)
Purchased in June 2015, this property had two large units in need of renovation. We negotiated the termination of the leases as part of closing, spent the next two months renovating each unit and were able to increase rents 40% in the downstairs unit and 60% in the upstairs unit.
Scope of Work
- New / upgraded kitchens - new cabinets and granite countertops in the downstairs unit; new appliances and fixtures in the upstairs unit.
- New / upgraded bathrooms with ceramic tile and new fixtures
- Interior and exterior painting
- Designer light fixtures
- New high efficiency HVAC system
- New fence in backyard
- Added off street parking space
- Replaced rotten railings on back porch
- New door hardware