15 Upland Road , Cambridge, MA

The project required extensive renovations on the exterior and interior of the building.

• Purchased multi-family apartment building in May 1999 for $154 per square foot
  
• Converted building to condominiums in 2000 and sold 16% of units that year
  
• Rented balance of units thru spring of 2001
  
• Achieved rents of $2500 per month, or $3.03 per square foot per month
  
• Sold balance of units by April 2001 for an average price of $328,500, or $348 per square foot
  
• Realized IRR of 41%

Before

Kitchen

After

Bathroom

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