Renovation Project Northside Jacksonville

[Steve Mandelbaum]

Investment Info:

Single-family residence buy & hold investment in Jacksonville.

Project managing a renovation of a property on the Northside of Jacksonville, Florida for an investor in Northern Virginia. It was a 2/1 and we have made it a 2/2, by converting an old closet to a bathroom. It has been replumbed and the electric has been upgraded. Both bathrooms will be tile and modern We are going to install white shaker cabinets and stainless appliances. It is an older house and the drywall needed a skim coat. The inside will be painted Agreeable Gray. The house is aluminum siding and has been power washed, the trim has been painted to freshened it up. All windows have been replaced and the porch has been screened in. The air-conditioning was replaced along with the roof.

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

Helping another investor out by renovating a house

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

Met other investor on BP

How did you add value to the deal?

Added a bathroom and updated all systems in the house. We upgraded and updated the entire house.
Electric
Plumb
A/C
Roof
Cosmetic Paint and Flooring
Bathrooms
Kitchen

ARV should be stellar

What was the outcome?

Just about finished and looking good!

Lessons learned? Challenges?

The virus has S L O W E D down my contracotrs