ADU BUILD IN AVENUES

OVERVIEW

 

Behind an apartment building, we built a 2 bedroom 1 bath ADU house. This parcel fronted the alley which provided easy access for parking and development. When completed, the property totaled 5 units and all have private fenced yards. Development took approximately 5 months from start to finish.

Accessory Dwelling Unit (ADU) 749 Square Feet

  • Spray Foam Insulated
  • 3KW Solar System
  • Ducted Mini Split w/ Heat Pump
  • Tankless Hot Water Heater
  • Granite Counters

All work done by Hiwa Builders

Land: Free - Backyard of Alley
Build: $200K

Completion: Started November 2021 | Completed April 2022

Units: 1 (2 Bedroom 1 Bath) 

Rented for $1935/mo at completion

ROI & OUTCOME

Before
A backyard, $0/year

After
Unit 5 Income $23,220/year

Cost of Improvements $200,000
Estimated Value of New House $262,150 ($350/sqft)
Net Equity Growth $62,150.

31.08% - Equity Return
11.61% - Cashflow Return

PHOTOS

BEFORE & AFTER

PHOTOS