Single Family Home to Duplex Conversion

Real Estate Deal Analysis & Advice
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Single Family Home to Duplex Conversion

Cassidy BurnsBusiness Member
Investor · Alexandria, VA · Member since 2016 · 859 posts · 460 votes

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $245,000
Cash invested: $25,000

Single family house acquisition. We will be converting this SFH into a duplex and reselling.
Acquisition: $245,000
Closing Costs: $15,000
Projected Rehab: $120,000
ARV: $520,000

What made you interested in investing in this type of deal?

2 Phase Development

How did you find this deal and how did you negotiate it?

Off Market

How did you finance this deal?

Hard Money Loan

How did you add value to the deal?

Converting from SFH to Duplex

What was the outcome?

Projected just started

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

BPG Residential & Michael Cook

[email protected]540-960-1507
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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    6mo
    Quote from @Cassidy Burns:

    Investment Info:

    Single-family residence fix & flip investment.

    Purchase price: $245,000
    Cash invested: $25,000

    Single family house acquisition. We will be converting this SFH into a duplex and reselling.
    Acquisition: $245,000
    Closing Costs: $15,000
    Projected Rehab: $120,000
    ARV: $520,000

    What made you interested in investing in this type of deal?

    2 Phase Development

    How did you find this deal and how did you negotiate it?

    Off Market

    How did you finance this deal?

    Hard Money Loan

    How did you add value to the deal?

    Converting from SFH to Duplex

    What was the outcome?

    Projected just started

    Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

    BPG Residential & Michael Cook

     @Cassidy Burns Interesting project! Did you have to add any SF with the conversion or was the property a 4+ BR property that you could convert without having to add any load bearing walls or did you go vertical?

    [email protected]
    0Reply
  • Cassidy BurnsBusiness Member
    OP
    Investor · Alexandria, VA · Member since 2016 · 859 posts · 460 votes
    6mo

    @Jaycee Greene, this property was laid out perfectly for the conversion.  We did have to add a firewall in-between the units with the drywall that we were closing off and rerun plumbing and electrical throughout to get on separate meters. No bump ups or bump backs for additional square footage, was able to use the box we had. 

    [email protected]540-960-1507
    1Reply
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