4-Plex Makeover

  • Over $5000 per month cashflow-after all expenses

  • Location: Cottonwood Heights, Utah

  • Equity: $1.1 Million

  • Timeline: 7 months

Before Pictures

Each unit was just 2 bedrooms 2 bathrooms and as you can see they were outdated and had a VERY steep driveway that caused a lot of problems.

Numbers On Deal

  • Purchase price: $1,220,000

  • Combined remodel cost = $328,500

  • Converted nearly unusable garage into 2 more bedrooms & 1 full bathroom per unit

  • Updated kitchens & exterior

  • Converted heavily sloping driveway with parking for 2 vehicles per unit into pedestal parking lot with 4 parking spaces per unit.

  • Combined value of all four units: $2,640,000

  • Total Equity: Over 1 million!

  • Over $5000 per month cashflow

After Remodel

After 7 months of hard work, including getting our kids to work alongside us, this is what resulted.

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