Disposition Photos
This property was listed and sold through the MLS. Overall, this rehab was mainly cosmetic with light MEP updates as needed.
Acquisition Photos
This property had long-time residents who did not want to deal with showings and inspections. We were able to accommodate their request for a 2 month U&O post closing, which allowed them to stuff their pockets with cash and buy a new home in the Midwest with no home-sale contingencies.
Project KPIs
Acquisition and Project Basics
Project Type: Fix & Flip
Property Characteristics: 3 bed, 2 bath
Location: Malden, MA
Acquisition Source: Off-Market Via Agent
Construction/Improvement Timeline: 2 months
Total Timeline: 6 months, including a seller U&O for 2 months
High Level Financials
Acquisition Price: $482,000
Rehab & Carrying Costs: $120,000
Disposition Price: $718,000
Investment Metrics
Debt or Equity: Bank Financing, 75% LTV with construction holdback and draws
We were able to secure bank financing on this project in combination with a new LOC leveraging privately held assets.
Value Add Summary
Elwell St Malden - After Renovation
Below are the photos shown on MLS to highlight this home’s features.
Elwell St Malden - Before Renovation
Photos below are of the property before renovations began
