A free utility space converted to a livable space.

[Anya Swanson]

Investment Info:

Single-family residence buy & hold investment in Lviv.

Purchase price: $100
Cash invested: $7,000

This unit came free with an apartment I have purchased as a basement-storage space. It was large enough and suitable to convert it to a small rental unit. I have completed the conversion and rented it out. It flows $300 per month as a long term rental.

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

This was a no-brainer... :) It was there asking me to convert it to a usable, income-generating unit.

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

This came with a unit that I have purchased.

How did you finance this deal?

My own cash.

What was the outcome?

It has become a fantastic space that people love and it brings me income.

Lessons learned? Challenges?

This was a very creative project! :)