Before After
This diamond in the rough went from being the worst buildings in the neighborhood to one of the most sought after rental homes in Biddeford. Each unit is 760sqr ft of livable space, has 700sqr ft of storage, independent boilers.
Units were renovated with luxury vinyl plank flooring, granite countertops, dishwasher, in unit washer/dryer, updated kitchen cabinets, updated bath. These amenities were met with a $700/mo increase over non renovated units.
Cash-on-cash return = 236%!
The Evansville Portfolio is one of our properties operated by our partners Quattro Capital. Evansville is the third largest city in Indiana. It has a stable economic base of manufacturing and healthcare. Toyota has announced plans to build an assembly plant in Evansville which will result in 1400 jobs!