N 28th Street
THE BACK STORY
This home was bought by a legacy resident over 20 years ago. The property comes with an additional lot the will be built on later. The home is in need of extensive repairs and upgrades. By partnering with Teal House Company, this legacy resident will be able to renovate his home and build a house on the additional lot. The homeowner is looking to sell his home, use the new construction to create a place for him to stay in Church Hill and take the rest of the profits to launch a business he's been dreamng of for years, build a home on the attached lot.
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NEW CONSTRUCTION INFORMATION NOT YET AVAILABLE
PROPERTY SPECS.
689 Sq/ft
2 beds
1 bath
PROJECT TYPE
Full renovation: Due to the condition of this home, a complete renovation will be required.
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New construction: We are building a 3 bed/1 bath home.
INVESTMENT NEED FOR RENOVATION
Teal House Company: $45,000
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Impact investors: $20,000
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TOTAL RENOVATION BUDGET: $65,000
INVESTMENT NEED FOR NEW CONSTRUCTION
N/A
POST SALE PROJECTIONS ON RENOVATION
We are projecting this home to sell between $205,000 - $215,000.
Family (Homeowners): $119,000 +
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Teal House Company: $50,000 to recover renovation expenses
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Impact investors: $75,000