House Hack! 1200 sq ft Attic Transformed into 2br, 1ba ADU

[Nicole Holcomb]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $810,000
Cash invested: $50,000

The previous owners of the subject property put a 1,200 sq ft second story on top of an already 2,200 sq ft 4br/2ba house with the plan to make a master suite upstairs. Health problems stoped them from following through with their plans and forced the family to sell. This property sat on the mls for months with no offers so I was able to negotiate it down $80,000 to a purchase price of $810,000. We turned the unfinished space into a $2,300/mo income generating 2br accessory dwelling unit!