FROM $1.6M TO $4.1M
IN 24 MONTHS
The complete story of how we turned a distressed 24-unit apartment complex in Savannah, Georgia into a high-performing, fully-repositioned asset.
The Challenge
A tired owner with 30 years of deferred maintenance. Rents stuck at $800/month in a market demanding $1,200+. Rotting plumbing, failing electrical, and a property management company that had given up.
30 Years of Neglect
Rotting plumbing throughout, original 1970s infrastructure.
Previous Management
Owner managed the property himself but struggled with the scale.
High Complexity
Managing many vendors: HVAC, GC, Permits, Plumber, 24 tenants, strict schedule planning.
$50K Emergency
Unexpected electrical meter replacement required.
Asset Valuation Growth
The Treatment Plan
Our systematic approach to transforming this distressed asset.
Acquisition & Assessment
Complete due diligence, fired existing management, assessed all deferred maintenance.
Financing Secured
$1.2M LOAN + 800K Rennovation
Phase 1 Renovations
Replaced all plumbing infrastructure, electrical meter upgrade ($50K emergency fix).
Unit Renovations
Systematic unit-by-unit upgrades as tenants turned over. Modern finishes, new appliances.
Re-Tenanting
$800 TO $1400+
Stabilization & Refinance
Property stabilized at 95%+ occupancy. Refinanced to pull out equity.
The Results
Quantifiable proof of our asset management methodology.