Central Bench Fix and Flip

[Noah Evans]

Investment Info:

Townhouse fix & flip investment.

Purchase price: $265,000
Cash invested: $135,000
Sale price: $570,000

The Edson project was one of the largest undertaking Tree City had taken on. This property was located in a very nice neighborhood in Boise, so the comps were high, requiring us to have a large budget of $135,000 for the remodel. Our team added a bathroom to the master, opened up 3 walls to improve layout, and brought high end finishes to make the project a statement project. The project was sold to a Hedge fund for a quick close.

What made you interested in investing in this type of deal?

It was located in a very desirable neighborhood of the Central Bench in Boise, Idaho.

How did you add value to the deal?

We took some extra time and money to add high end finishes to the home, and make it a little more luxurious than our original plans.

What was the outcome?

It made the property that much more of a statement in the neighborhood, and gave us a little more leverage when it came to the final sell.