SC-041
Open allocation
Fairview Row
Charlotte, NC · Duplex · 2 units
Estate sale acquired 19% under comparable basis. Cosmetic scope only; both units deliver vacant.
- Acquisition price
- $412,000
- Renovation budget
- $86,000
- Stabilized value
- $640,000
Renovation process
Roof, HVAC, and panel replacement
Phase I · Weeks 1–5
Kitchens, baths, refinished floors
Phase II · Weeks 6–12
Exterior plaster, landscape, lease-up
Phase III · Weeks 13–16
Target ROI
18.2%
Cap rate
6.4%
$142K of value created on a $498K basis · 3–4 years hold · minimum $75,000