Kitchen after
Kitchen before
Completely upgraded kitchens with brushed nickel fixtures, new cabinet doors and hardware, and glazed countertops gave the upgraded units a modern feel. The ghost-wood grey vinyl plank flooring contributes to the stylish, modern look while retaining the advantage of being low-maintenance. Investor’s Note: Because the group opted to rehab about 40 percent of the units, they have several options for the investment after tracking performance of the upgraded section: “We can either refinance and raise more capital to do the remaining units or list the property with our strategy and some meat on the bone for the next owner,” Dean explained.
Dog park before
After reviewing the demographics and preferences of their target residents, the investors decided to replace the facility’s simple playscape with a dog park. “In today’s market, many people are dog owners, so adding a dog park has always helped us expand our tenant base,” said Dean. “In the case of The Park at LeBlanc, there is a large municipal park in the lot next door with all the bells and whistles a kid could wish for, so the decision to demo the old and outdated playground was a no-brainer.” •
Dog park after
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