Works like a charm.

I think these older neighborhoods have a lot of charm and location convenience that young professionals and some "empty nesters" are looking for (Rosewood has the additional advantage of having a decent elementary school!).

There are really nice "historic" homes that have been updated and kept nicely and then there are small, "newer" homes that don't have the charm.

Investment Info:

Single-family residence fix & flip investment in Grand Rapids.

This once drug home, with grease all over the walls and doors without knobs is about to come on the market! Within our sma...

I do wainscotting or board and batten  (I believe it's called) to quickly and easily add character and charm. 

One problem you will run into if doing a $70K cosmetic renovation on a 5-plex in Old Louisville is that tenants who are attracted to the area and are willing to pay top dollar want the following:-Original historic charm (No covering up original wood floors, trim, etc)-Central heat and air (their own system, not shared)-Newer electric-Laundry and off-street parkingIf this happens to be the 5-plex on Ormsby, you may want to do some more digging on whether it is actually a 5-plex and if the basement unit can be legally used as an apartment or not. 

All meters are pulled and the city has told me that the building has to be brought completely up to code and have a fire suppression system installed.

Had charm and possibilities.

Had charm and possibilities.

I'm thinking it might be a good idea to run this by a loan officer who lives and works in charm city.