admin – Five Twelve Realty https://fivetwelverealty.com Wed, 12 Jun 2024 18:25:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://i0.wp.com/fivetwelverealty.com/wp-content/uploads/2023/11/cropped-FTR_favicon_black.png?fit=32%2C32&ssl=1 admin – Five Twelve Realty https://fivetwelverealty.com 32 32 230743185 Duplex in Villa Park https://fivetwelverealty.com/2024/06/12/duplex-in-villa-park/ Wed, 12 Jun 2024 18:24:39 +0000 https://fivetwelverealty.com/?p=189 Read More]]> 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.

]]> 189 Sunnyside Single Family https://fivetwelverealty.com/2023/11/13/alcott-st/ Mon, 13 Nov 2023 20:45:38 +0000 https://fivetwelverealty.com/?p=56 Read More]]> This property is a single family residence in the Sunnyside neighborhood of Denver. The neighborhood has a great collection of local eateries, growing demand, and a sense of big city feel, while also being a step away downtown.

Initial Project Analysis:

Purchase Price: $520,000

Estimated Renovation Cost: $80,000

Actual Renovation $105,000

Estimate After Repair Value: $750,000

Sale Price: $749,900

Value to Investors: $50,000

Remodel changes: Update the house, open the kitchen to the main living area, add a bath on the main floor, add AC, repair the garage, add egress window, and expose the natural beautiful hardwood floors.

Couple of surprises that increased the cost of the rehab. When removing walls around the kitchen, it turned out there were two supporting walls, not one. And toward the end of the project, a leak developed in the kitchen drain that was not identified in the original SOW.

Before Renovation Pictures
After Renovation Pictures
]]> 56