GoldenDeals: Condo Convert!

GoldenDeals: Condo Convert!

Real Estate Agent · Hartford, CT · Member since 2020 · 2 posts · 0 votes

Picture this: Two charming 6-family units beckoning with promise, ready to be transformed into lucrative investments. But here's where it gets truly electrifying: our savvy client is seizing the reins on a remarkable 10-year tax abatement, already one year in, opening the door to a decade of substantial savings. Yes, you heard that right — nine glorious years of tax abatement await!

💼 But that's just the beginning of this tale of investment prowess. Brace yourselves for the next level of financial wizardry: condo conversion. Our astute clients, armed with 30% investment into the property, are gearing up to transform these units into coveted condos. And here's the kicker: once completed, the property's assessment plummets from 70% to a mere 35% of its value, setting the stage for unparalleled returns.

💰💼 But why stop there? Brace yourselves for the icing on this already delectable investment cake. With "Condo Status" comes not just increased desirability, but also higher appraisals during refinancing. It's a win-win-win scenario — increased value, increased desirability, and increased profits!

So grateful for these amazing and savvy clients.

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