Residential
Location: Massachusetts, Southern New Hampshire
Property Types:
- Single family with value-add opportunity
- Small multi-family with value-add opportunity
- “Form A” single residential lots
Target Situations:
- Value-add opportunity
- Distressed
- REO properties
- Short sales
- Subdivisions in distress
- Condo conversions (townhouse-style only)
Valuation:
- $275,000-$700,000 (resale value) single family residential
- $75,000-$150,000 permitted land
- Single family and small multi-family rehabs are typically acquired for 60% of after-repaired value for an average renovation.
- Average land acquisition is one third of resale value.