-
- Living Room BEFORE
-
- Living Room AFTER
-
- Kitchen BEFORE
-
- Kitchen AFTER
-
- Bedroom BEFORE
-
- Bedroom AFTER
Project Description
Location: 5208 West Ridge Road
Purchase Date: May 4, 2017
Purchase Price: $330,000
Renovation Budget: $175,000
New Assessed Value: $700,000
Property Taxes: Coming Soon!
Tenant Lease: $595-$850
The Project
Hoffman Development acquired 15 vacated units at 5208 West Ridge in May 2017. The two buildings were distressed and needed full renovation of each unit. A property like this is something Hoffman Development is very good at. It took 5 months to completely renovate each property and fill with qualified working tenants. Hoffman Development has $530,000 in the entire property and it appraised at $700,000.