Medford Single Family Gut/Addition/Renovation

[Matthew Kinch]

Investment Info:

Single-family residence fix & flip investment in Medford.

Purchase price: $363,000
Cash invested: $300,000
Sale price: $901,000

Contributors:
Daniel Riccio Jr., Tory Kelliher

Gut renovation + addition of dilapidated property in nice neighborhood that abuts high priced neighborhoods.

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

Close to rail, value add through additional square footage and master suite.

How did you finance this deal?

Combination of bank and private funds.

How did you add value to the deal?

Gut renovation to improve design. Addition allowed for a master suite, expanded first floor bath, walk in closet for master and bed 2, 1st floor office.

What was the outcome?

Multiple offers

Lessons learned? Challenges?

Good sight guys are worth their weight in gold.