Nestled in the vibrant Ukrainian Village, this coach house is a gem within our real estate investment portfolio, initially acquired in 2013 as part of a comprehensive strategy. In Phase 1, we undertook thoughtful renovations to enhance the property, with a primary focus on optimizing rental income. The upper floor of the coach house boasts a stylish 2-bedroom, 1-bathroom unit, meticulously refurbished in 2018. It served as a versatile space, functioning as a short-term rental during the lively spring and summer months and seamlessly transitioning into a long-term rental during the cozy fall and winter seasons. In response to the evolving landscape of remote work, a trend solidified in 2021, we strategically transformed the ground level into a modern office space. This adaptation aligns with the growing prevalence of "Work From Home" arrangements, offering a valuable and flexible option for tenants in search of a comfortable and productive workspace. This property not only reflects our commitment to maximizing returns through astute investment but also demonstrates our agility in responding to market trends and tenant needs.
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[ INVESTMENT SUMMARY ]
Purchase Price: $475,000 (includes UK Village 2 Flat & UK Village Duplex)
Renovation Cost: $13,000
ARV: $1,100,000 (includes UK Village 2 Flat)
Contact me for deal details
[ SCOPE ]
Size: 1,300 SQ. FT
Design: Update 2 bed, 1 bath apartment and create office space
Kitchen & Bath: New cabinetry, countertops, stainless steel appliances; New vanity, toilet, tub, and shower fixtures
Plumbing & Electrical: New 3/4" copper pipes, New 200 Amp services
Finished Carpentry: Built-in wardrobe units for maximum storage in bedrooms
Exterior: Painted siding, new dual pane windows as needed, new wooden, permeable pavers, bike rack
Smart Home: Locks, doorbell, parcel box, security cameras, blackout shades,
