Just saw a piece on Daily Mail about 3 young guys who purchased an abandoned school in Homestead Pa for $100k. After several ideas they settled on converting the building into apartments that rent between $1,400. - $1600 per month. If you do the math At an average rent of $1, 500 a month the gross proceeds would be $558k per year. Not a bad return at all and will grow obviously over time as the original investment+ renovation cost are paid down etc. I love to see examples of calculated risk taking being exercised across America….entrepreneurship is Alive and well in Homestead….etc.
Three young entrepreneurs in Homestead made a smart investment….took a chance.
- Thread starter Whart
- Start date
#SubjectLinesMatter, #LinksAlwaysHelp 
www.dailymail.co.uk
Abandoned Pennsylvania school bought for $100K turned into apartments
Jesse Wig, 34, along with Adam Colucci and Dan Spanovich, bought an abandoned high school in Homestead, Pennsylvania, in 2019 for just $100,000 and have turned it into a 31-unit apartment building.
Get unlimited access today.