Duplex

May 3, 2024

Holding

REIF self-managed a full interior renovation of the unit, contracting materials and trade labor directly. The scope

touched nearly every surface: roughly 900 square feet of new luxury vinyl plank flooring throughout, all-new interior

and exterior doors and hardware, a complete repaint (primer plus two finish coats) with approximately 350 linear

feet of new craftsman baseboard, and refreshed electrical devices and lighting — new outlets, switches, GFCIs,

flush-mount LED fixtures, and ceiling fans. Seven new double-hung vinyl windows with blinds were installed. Both

bathrooms were fully renovated with new vanities, fixtures, toilets, exhaust fans, and a tiled tub-and-shower

surround, and a new tankless electric water heater was added. The kitchen received new cabinetry, countertops,

and a full GE appliance package, and the HVAC system was serviced and cleaned.

• Distressed property requiring a full interior renovation
• Aging mechanical, electrical, and roofing systems
• Outdated kitchen, bathrooms, flooring, and interior finishes
• Needed to be fully renovated and stabilized before becoming a quality rental asset 

• Acquired the property off-market with an all-cash purchase
• Completed a full interior renovation with updated systems and modern finishes
• Renovated the kitchen and bathrooms, installed new flooring, and replaced the roof
• Stabilized the property with a quality long-term tenant before refinancing and holding it as a cash-flowing rental