OVERVIEW
sWe purchased this dilapidated and partially uninhabitable property to renovate and restore. The main house is a legal triplex, built in 1881 and behind it was two houses built at various times. Nearly every aspect of this property needed serious attention.
Because of the very unique octagonal design, nearly everything required custom solutions and creativity. It's easy to see why an 8 sided house isn't a design you see as only handful were built and remain today.
It was our goal to renovate with period style finishes appropriate for a one of a kind property of this age and downtown location.
Work Included
- New Roof
- New Electrical & Plumbing
- New Mini Splits w/ Heat Pump
- Tankless Hot Water Heaters
- Granite Counters
- New Kitchens, Baths etc
- Floorplan Fixes
- New Doors and Custom Windows
- New Porch, Overhangs and Skirting
- SO MUCH MORE!
All work done by Sierra Cascade Group and RepairPro
ROI & OUTCOME
Before
Triplex Income (Partially Uninhabitable) - $8,100/year
Additional 2 Houses Income - $18,000/year
After
Triplex Income $54,600/year
Additional 2 Houses Income $38,280/year
Cost of Improvements - $500,000 + $575,000 Purchase
Appraised Value at Completion - $1,300,000
Net Equity Growth $225,000
20.09% - Equity Return
Cashflow Growth $66,780/year
13.36% - Cashflow Return
PHOTOS
BEFORE & AFTER
UNIT 2
UNIT 3
EXTERIOR PHOTOS
ADDITIONAL PHOTOS - UNIT 2
ADDITIONAL PHOTOS - UNIT 3
