Lester Avery Restoration Brings Recognition & Great Investor Returns
Tropic Magazine (Florida Living & Design) has once again featured one of our residential projects in a feature article. The article provides a nice summary of our approach to the project and the work that went into the transformation. In this case the project was a classic mid-century modern home originally designed by renowned post-WWII architect Lester Avery.
The home had fallen into disrepair and was purchased as a foreclosure. The original home had the square footage increased over the years with additions, but it was illegally chopped up into a three-unit rental property.
You can read the full article in the Tropic Magazine archives:
The Real Estate Investing in South Florida
This property is a perfect example of the goals of Restore 818 Inc; to provide our investors with impressive investment returns by acquiring distressed homes with architectural character buried beneath years of neglect and executing designer quality restorations.
By keeping this goal in focus the results are two-fold:
1. To build and reinforce a notable positive brand with home buyers in the South Florida marketplace
2. To leverage our reputation with buyers for quality top-to-bottom renovations for faster sales and higher sale prices
With these two results are combined with our streamlined systems for construction and material sourcing we are uniquely positioned to generate very attractive returns for our investors.
This property sold the first weekend on the market. The total ROI (Return on Investment) for the investor on this real estate restoration project were 11.5% in 6-months, or approximately 23% annualized return. To learn more about investing in South Florida properties with Restore 818 Inc. simply contact us using the Investor Contact page.