Renovation on Hood St

[Julie Muse]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $160,000
Cash invested: $13,997
Sale price: $219,000

Contributors:
Peter Vekselman

Partner Driven partnered with Preston Moore on a renovation project on Hood St in Athens, Alabama. The property was purchased for $160,000 and received $13,997 in targeted improvements before selling for $219,000. The project demonstrates how focused updates can enhance value and appeal without an extensive renovation budget.

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

This property presented an opportunity to enhance functionality and presentation with a modest investment. Its structure and location supported improvements that would have a tangible impact on resale potential, while keeping costs controlled and manageable.

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

Preston sourced the property through local market connections and identified its upside early. The seller was motivated for a straightforward sale, which allowed for clean negotiations and quick acquisition. Rapid action helped position the property for timely updates and resale.

How did you finance this deal?

Partner Driven funded 100% of both the purchase and the renovation, covering the $160,000 acquisition and the $13,997 improvement budget. This structure allowed the project to progress without personal capital and ensured focus remained on execution.

How did you add value to the deal?

Value was added through strategic improvements that enhanced both interior and exterior appeal. Updates were targeted to areas that buyers notice most, improving the home’s marketability and overall presentation without overextending on renovation costs.

What was the outcome?

The property sold for $219,000 after the updates were completed. The combination of a well-positioned property and thoughtful improvements allowed the home to compete effectively in the local market and achieve a strong resale result.

Lessons learned? Challenges?

This project reinforced the importance of strategic planning and focusing on improvements that deliver the greatest market impact. Even with a moderate budget, careful execution and understanding buyer preferences can drive meaningful results.