LOWER TOWN RESERVATIONS

by D / A

ACQUISITION

253 YORK 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%)