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SANDY HILL RESERVATIONS
by D / A
ACQUISITION
2 SWEETLAND STREET
& RENOVATIONS
& REV. management
& PROP. management
& BRANDING/MARKETING
lead by JON BIELECKI
ON BEHALF OF
Dwelling Artist
WHAT
38 UNIT BUILDING
10 PARKING SPACES
10 BACHELOR
22 (1 BEDROOM)
05 (2 BEDROOM)
13,925 SF OF LAND
FIRE RETROFITTED
OPPORTUNITY
Refresh a ripe corner lot building in Lower Town
LOWER TOWN RESERVATIONS
&
Become the anchor which
re-brands Lower Town
as an ART DISTRICT
INVESTMENT
ACQUISITION COSTS:
RENOVATIONS x $450K
DOWN PAYMENT x $1.2M
CARRYING COSTS x $200K
- Totaling $1,930,000
RENOVATIONS
10 BACHELOR x $5,000
22 (1 BDRM) x $7,000
05 (2 BDRM) x $7,000
HALLWAYS x $18,000
PARKING x $15,000
LANDSCAPE x $5,000
BOILER x $50,000
EXTERIOR x $50,000
ROOF x $25,000
SUPPLIES x $4,000
FURNITURE x $95,000
BRANDING
LOWER TOWN RESERVATIONS
Guests and tenants will reside in an
ART DECO atmosphere
designed & furnished
by D / A
- SHORT TERM LEASES
- STUDENTS
- PROFESSIONALS
BREAK-EVEN POINT
LIMIT OF 15 SHAREHOLDERS
MINIMUM INVESTMENT - $130K
6.5 YEAR BREAK EVEN POINT
Annual Cash Return - $20K / 15.89%
Annual Appreciation - $11.6K / 9.01%
(based on yearly rate of 3.00%)
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