Three Family Gut Rehab in Jamaica Plain (Boston)

[Ryan Wittig]

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Jamaica Plain.

Purchase price: $1,400,000
Cash invested: $450,000
Sale price: $2,230,000

Three family complete gut rehab. The GC we used that was subpar in communication and execution so the project dragged. We also had a plumber abandon the job (ask me for his name), which caused us a two month delay...The project came on the market in the winter of 2018/2019 which was a horrible time for the market. We let things marinate and the market turned around in the spring. This wasn't a home run for us, but a solid base hit with a product we were very proud of at the end of the day.