1018 West Broad Street Quakertown Pa / Church to office conversion

[Steven Goldman]

Investment Info:

Office Space commercial investment investment in Quakertown.

Purchase price: $225,000
Cash invested: $360,000
Sale price: $975,000

This was a purchase of a Methodist church and parsonage to office space. Later to a school.

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

Needed business location

How did you find this deal and how did you negotiate it?

Approached by church

How did you finance this deal?

Bank loan for purchase and rehab.

How did you add value to the deal?

Total rehab conversion to offices.

What was the outcome?

Occupied for 6 years and sold for enormous profit

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Kerry Steich Contractor did an excellent job.