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Updated 19 days ago,
Multi-family Residential Renovation and Restoration
Investment Info:
Large multi-family (5+ units) fix & flip investment in San Francisco.
Purchase price: $2,800,000
Cash invested: $560,000
The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.
Renovation Investment Summary:
- **Structural Repairs:** $250,000
- **Kitchen Modernization:** $100,000
- **Bathroom Updates:** $50,000
- **Exterior Improvements:** $100,000
- **Holding Costs:** $50,000
- **Property Taxes:** $30,000
- **Insurance Costs:** $10,000
- **Management Services:** $10,000