This mid-century 2-bed/2-bath house in Wilton Manors FL was severely distressed after years neglect. With its’ mid-century character buried beneath haphazard rehabs and a location populated by urban transplants, this home was a prime candidate for a Restore 818 investment project.
The restoration included; expanded closets, expanded master bath, porcelain floors, custom exposed ductwork, custom wood cabinetry and quartz counters. New hurricane impact windows and doors and a new roof maximize resale value. The property was professionally landscaped with a new mid-century design driveway installed.
The property was purchased for $221,006 with a targeted resale of $349,000. We obtained a Hard Money Loan (HML) for this project that included a $41,000 holdback for a projected $62,000 rehab budget. The property sold for full price to an all-cash buyer in less than 7-days on market. See the summary slide below for the investment returns on this property.