INNER CITY DEVELOPMENT

First story commercial, 2 stories residential above.

Purchase Price: $250,000

Total Cost of Renovation: $108,000

Construction duration of 3 months + 3 additional months for selling and closing time = 6 months for the total project development!

Sale Price: $638,999

RE and other fees: $32,559

TOTAL PROFIT: $248,440

This project was done using an Investor Pool method. Five investors invested $10,000 each into the project. The investment was used to put 20% down on the purchase of the property. Capital Management help organize the deal and invested the capital for the renovation, approximately 68% of the total costs.

The five investors shared 32% of the profit, receiving over $15,000 each. Not a bad return for a 6 month investment.

For more information visit http://caprealty.us or contact a Capital Management advisor at 973-417-6525

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TWO FAMILY

Existing one family colonial. Conversion to two family.

Architectural & Engineering drawings: 4 months. Construction duration: 5 months. Marketting and closing time: 2 months. Total development duration: 11 months

Purchase Price: $199,000

Total Cost of Renovation: $127,000

RE and other soft costs: $43,000

Property taxes $7,100

Other miscellaneous development related costs: $43,000

Total Development Costs: $419,100

Sale Price: $927,050 (Each unit was sold to separate buyers for an average of $463,525

TOTAL PROFIT: $507,950

This project was totally funded by Capital Management.

For more information visit http://caprealty.us or contact a Capital Management advisor at 973-417-6525

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