Montavilla Duplex
Purchased in 2016 for $425,000 on a conventional loan as an investment property, this 1950’s duplex in the Montavilla neighborhood provides an excellent rate of return for the owners. After a 30 day renovation with a budget of $18,000, the owners were able to update the property, while improving the floor plan and providing a great rate of return. Property currently has a 14% rate of return on the original investment and has gained over $30,000 in equity already.