This block of nine units in Auburn was purchased for $3.2 million in 2021, seven two bidders and two one bidders, just under $1 million in renovation costs to render the outside and do cosmetic improvements to all the internal parts of the unit. With a resale value of about 550 grand per unit, which equates to about $80,000 profit per unit.
Disclaimer: This is not financial advice, past performance is not indicative of future results. you are required to do your research and draw your own conclusions on the profitability of a project. PM42 is not able to predict future market downturns or interest rate changes and can only act based on the information provided at the time. The project outlined in this article was managed by a contractor of PM42 and not the by company directly.
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