This Carramar property comprises 36 units, including 18 two-bedroom and 18 one-bedroom apartments. Acquired in 2017 for just under $10 million, we invested an additional $3.5 million in external renovations and necessary BCA upgrades. The improvements resulted in an end value of $400,000 per two-bedroom unit and $350,000 per one-bedroom unit, culminating in a total property valuation of approximately $15 million, compared to a total investment of $13 million.
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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