1937 Cape Cod in Great Falls

[Lauren Sampson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Sale price: $221,000

This home we bought as our primary with a VA loan. It was built in 1937, so it still had lots of charm and room for some great improvements. The main floor had a bedroom that was very outdated, so we decided to open up the main floor and take two walls down from that bedroom to open everything up. A lot of the updates were just getting some fresh paint in there because there was a buttercream yellow everywhere throughout the house. The basement was unfinished, it only had one bedroom and a full bathroom, but the main open area was down to the foundation walls and complete with a wet bar. Since the basement bathroom was the nicest one in the house, we made the basement into the master. We included a walk-in closet that closed off the utilities with their own door beyond the closet. We kept the 2nd bedroom in the basement, just updated the flooring and paint. For our first fixer upper, we had a great time and were very pleased with the turn out.

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

The location, character and potential of this property really made us motivated to see what we were capable of doing.

How did you finance this deal?

VA loan