Acquisition & Project Basics
Property Characteristics: 4 bedroom, 2 bathroom single-family home that suffered significant fire damage and sat vacant for more than two years prior to acquisition.
Location: Worcester, MA
Acquisition Source: Word-of-mouth referral and partnership opportunity.
Construction Timeline: Approximately 7 Months
Current Status: Construction Nearing Completion
Project KPIs
High Level Financials
Acquisition Price: $165,000
Target Disposition Price: $529,000
Investment Structure: Joint venture partnership with the capital partner funding acquisition and renovation costs in exchange for a share of project profits.
Value Add Summary
High Level Scope of Work:
- Complete restoration of fire-damaged structure
- New siding, windows, and roofing
- Foundation repairs
- New insulation throughout
- Complete electrical replacement
- New plumbing system
- New heating system
- Full interior renovation and modernization
Value Add Highlights:
- Transformed a long-vacant fire-damaged property into a fully renovated home.
- Replaced nearly every major building system, creating a property that will perform similarly to new construction from a maintenance standpoint.
- Positioned the home to appeal to FHA, VA, and conventional buyers seeking a move-in-ready property.
- Located in one of Worcester’s most desirable residential neighborhoods with strong owner-occupant demand.
- Designed to provide buyers with modern finishes, updated systems, and minimal near-term maintenance requirements.
Projected Outcome
The goal of this project is to deliver a fully renovated, move-in-ready home that stands out in the Worcester market through quality construction, updated systems, and broad financing eligibility.
By combining a strategic acquisition, comprehensive restoration, and thoughtful market positioning, the project aims to transform a distressed asset into a highly desirable owner-occupied residence.
26 Rob Roy Rd Worcester
Below are a few exterior & interior pictures of this project showing the completed overhaul.