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An investor acquired a historic brownstone in Boston’s prestigious Back Bay neighborhood for $1,200,000. The property’s classic architectural charm presented significant potential, but it required $500,000 in renovations to modernize the interior while maintaining its historic appeal.
A hospitality group purchased a dated 80-room hotel in downtown Nashville, TN, for $8,000,000. The property, while in a prime location, required significant renovations to modernize guest rooms, add event space, and align with the branding standards of a boutique hotel chain.
An investor acquired a fully leased 10-unit multifamily property in Tampa, FL, for $3,000,000. While the property’s 100% occupancy provided immediate cash flow, the interiors were outdated, causing rental rates to lag behind the market average.
