This 2,300 square feet property was purchased as a short sale. There was substantial rehab required which West Forest Capital funded nearly in full, including remodeling the bathrooms, kitchen, and porch. The siding of the house and windows also needed to be replaced. Finally, a new room was added to the house. Once the work is completed, our client expects to exit the investment through a sale.
This two family was purchased at auction and features 1,800 square feet between the units. The property was in below average condition and required new flooring, HVAC system, bathroom and kitchen updates. Once all the repairs and updates were made, the landscaping was also improved. This property was ultimately sold a year later for a profit in excess of $50,000.