1703 Ashley River Road,Charleston, SC

1703 Ashley River Rd1703 Ashley River Road, Charleston, SC


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Description

This value add property was acquired in April of 2018.  The property was a residential to office conversion with a full renovation of the interior and exterior of the building.

Renovation details include:
- New flooring
- Painting interior and exterior
- Paving and site work on exterior
- Complete landscaping
- New electrical and plumbing
- Building was made ADA compliant with a wheelchair ramp, handicap parking space and an ADA accessible restroom

Construction process- 4 months
Period of time listed - 3 months
Total holding period - 6 months

Return on Investment - 26%

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Our ProcessStep By Step

SiteIdentification

Our investment team does ongoing market research and site analysis to determine the best locations geared towards our investment strategy.

SiteInspections

We perform site inspections and consult with general contractors and architects to identify property improvement opportunities and cost estimates.

PropertyAnalysis

We do extensive property analysis including underwriting property historical cash flow, three tiered income modeling, future cash flow projections and IRR and cash on cash return profitability models.

TheUnderwriting

Our team underwrites the current tenants and reviews all current lease agreements to determine an appropriate credit grade of the property and identify opportunities for improvement.