-Purchase Price: $270,000
-Rehab Cost : $389,667.25
-Offers for Sale: $815,000
-Offer for rent: $6,000/Month (2 year lease)
Revenue: $144,000 (With additional $155,332.75 sale potential!!!)
37 Gates Ave went through an extensive construction process. It was a multifamily property that was converted to a single family residence. The entire property was gutted to the studs and layout completely altered. Underground contaminated soil was remediated from a previously removed oil tank.
A successful return for KMB and its investors!