Duplex acquired at $75k, improved for $20k, and stabilized to $2,300 a month in rent through targeted improvements and new tenant placement.

453–455 Brightwood came in as a distressed acquisition at $75,000. The building needed stabilization more than gut work — the bones were solid, but the previous situation had left it underperforming. We put $20,000 into targeted improvements: the work that directly affects tenant quality and unit presentation, without spending on things that don't move the needle.

After the improvements, we placed new tenants through our standard screening process. The goal was always full stabilization, not just patching and listing — which meant taking the time to find the right tenants, not just the first available ones.

Post-stabilization, the property grosses $2,300 a month. Against a $75,000 acquisition and $20,000 in improvements, that's a yield profile that makes the all-in basis look like what it was — a well-priced deal captured before the work was done.