Mercedes Place and Marina Las Olas
This project was acquired in September 2013. The project although estimated 6 month renovation it was completed January 2014. It was partially refurbished and purchased as-is. A high level of renovation was initiated to include mold remediation, exterior/interior tile removal and application. The kitchen and bathroom renovations included granite countertops, porcelain tiles throughout as well as premium stainless steel appliances. Exterior lighting, fountain addition, flagstones pathways, wrought iron gates, pool star-brite, 30-50amp power towers for boat slips, new awnings were just a few of the high level of added details. Medeco security locks were added throughout. New parking lot paving, wooden fencing, and landscaping continued the level of upgrades. The outdoor grill structure was reinforced and a granite bar and countertop were installed as well as a pergola for added amenities. Interior/ Exterior Berber paint was applied to the building as well as boat decks. Exterior bathroom for the boat-slip clients underwent a full renovation.
Distressed Duplex Refurb
1/2013 4 distressed duplexes acquired through bankruptcy/ All needed extensive refurbishment and landscaping. Last one sold July. All sold for 30% over purchase after operational costs.
The first photo is the before prior to renovations and the second photo shows after renovations.
16 Unit Refurbishment
This property is a recent sale of a 16 unit property. This property was held for 26 months while refurbishment and strategic enhancements were implemented. The property was recently sold with a 20% profit not including the monthly rental income.
8 unit 10,000 sq/ft building with 29K total square footage.
Enclosed stairs, parking, Elevator, fully leased.
New properties acquired:
1429-1435 NW 6th Street
NYSW Jazz Lounge