Event hall as a rental ????

[Steven Westlake]

So here’s what I found, an event hall building for sale. It has plenty of off street parking. Basically it’s about 2500 sq ft rectangle building with a kitchen and his and her restrooms in the middle and 2 large open rooms, one on each end. Includes lots of chairs and tables. It’s 2 blocks off of a major road. People rent it for weddings, family reunions, etc for maybe $150-200 per day per end. It needs some major updates, but seems to have good bones. Rooms are approximately 32x40 each. I figured all in, with updates, I’ll have maybe $250 k in it.

Please give any and all thoughts.

Worse case it could be converted to regular apartments. But with all the covid19 no eviction garbage, I’m thinking this might be worth looking into.

[Steven Westlake]

[Steven Westlake]

That closet is 8’ wide inside and 9’ ceiling.

[Steven Westlake]

As many of you know we decided to convert the hall into to our own personal house. We sold our Houston house and paid cash for this one. So bye bye w2 jobs 

Here’s some pics of the progress:

[Steven Westlake]

Retainer wall completed

[Steven Westlake]

Dirt and some flowers in

[Steven Westlake]

Second one almost done, my dog on inspection lap.

[Steven Westlake]

That urinal drain came in handy for this new shower.

[Steven Westlake]

Glass walls up.

[Steven Westlake]

More update pics

[Steven Westlake]

[Steven Westlake]

[Adrian Stamer]

That was quite the journey. Congrats!

[Steven Westlake]

Pics update