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3509 and 3511 Highland Park

By codyellis
  • Period: to

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  • Acquired 3509 - 3511 Highland Park at $580,000

    Acquired 3509 - 3511 Highland Park at $580,000

  • $50,000 dollar renovation to create $4000 income property

  • Tenants move into 3509

    Tenants move into 3509

  • Tenants move into 3511

    Tenants move into 3511

  • Renovaions finish.

    Roughly $20,000 over budget - funded by Cory Rowland
    Unbudgeted items include:
    City Permits
    Engineering consultant
    Unforseen Electirical work
    Drywall and Hung Ceiling estimate was low

  • 3509 Lower Vacancy

  • Started repayments and interest to Cory Rowland 4 x $500

  • Reduced rent in basements $1680 - $1120

  • 3511 down vacancy

  • Tree in backyard breaks in wind storm and falls on neighbor's garage

    Tree in backyard breaks in wind storm and falls on neighbor's garage

    Cost - $1550.00

  • 3509 Upper Vacancy Sep - Oct

  • Fully rented with 3 leases until summer

  • New Record Keeping and tracking system starts