Hebrew School conversion to Condo Complex

[Teddy Joyce]

Investment Info:

Condo buy & hold investment.

Purchase price: $390,000
Cash invested: $150,000

Former Hebrew School converted to multi-unit condo residential with high-tech amenities and limited capital deployment to launch and hold investment.

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

Location, commuting, community growth relative to surrounding neighborhoods.

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

Sourced through broker.

How did you finance this deal?

Private fund investment.

How did you add value to the deal?

Interior remodel.

What was the outcome?

Fix and hold investment with positive cash flow and growing EBITDA margins.