Meadowbrook Drive Transformation: Partner Driven's Success in Huntsville, AL!

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $140,000
Cash invested: $35,000
Sale price: $249,900

Contributors:
Peter Vekselman

On 06/05/2024, Partner Driven and Preston Moore acquired this Meadowbrook Dr SE property for $140,000. After investing $35,000 in targeted renovations, we elevated its appeal and market value. Sold on 11/15/2024 for $249,900, this project highlights our commitment to creating value and achieving substantial returns.

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

This Meadowbrook Dr SE property presented an excellent opportunity due to its favorable location and untapped potential. The acquisition price and scope of renovations aligned perfectly with our strategic goals. With room to enhance its value through upgrades, we saw the opportunity to deliver a strong return while helping revitalize the neighborhood.

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

This property came to our attention through local market research and connections. We leveraged our expertise in negotiation to secure it at a competitive price of $140,000. Our ability to act quickly and decisively ensured we could close the deal efficiently, making it a win for both the seller and our team.

How did you finance this deal?

Partner Driven utilized a combination of resources to fund this project, including capital investment and support from our partner, Preston Moore. By leveraging strategic financing, we ensured all costs—from acquisition to renovations—were covered, enabling a smooth and efficient process from start to finish.

How did you add value to the deal?

Our team transformed the property by investing $35,000 in targeted renovations, focusing on modernizing its appearance and improving functionality. Strategic upgrades enhanced the property’s curb appeal and market value, making it more desirable to buyers and ensuring a competitive sale.

What was the outcome?

The Meadowbrook Dr SE property was successfully sold on 11/15/2024 for $249,900, showcasing the effectiveness of Partner Driven’s approach. Our strategic improvements and efficient project management resulted in a significant return, benefitting both our team and partner, Preston Moore.

Lessons learned? Challenges?

Managing renovation costs and timelines is crucial to maximize returns. While this project progressed smoothly, it reinforced the importance of clear communication and coordination with contractors to ensure renovations are completed efficiently. Continuous evaluation of market trends also played a key role in setting the optimal sale price.