A duplex with a total of 1,800 sq. ft., with each unit having slightly more than 900. Each unit currently has configuration of 3 bed, 1 bath. This will be updated to include 2 bed, 2 bath, which will also open up the living area.
Initial Project Analysis:
Purchase Price: $625,000
Estimate Renovation: $140,000
Estimated After Repair Value: $1,000,000 (each unit selling for $500,000)
Remodel Changes: update finishes, replace the roof, and convert one bedroom into another bath and open up the living area.