$1,700,000

As-is price

$105,792

Renovations

$2,295,000

Sales price

$489,209

Profit

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Scope of work

Flooring, roof repair, interior painting, kitchen refresh, patio refresh, and exterior staircase repair.

Before & After's

Summary

Joel Luebkeman of Compass, partnered with Revive Property Advisor Andrew Howard, to help facilitate the trust sale of a vacant two-unit building at 18 Chenery St, in San Francisco, CA. Facing a tight timeline and with no funds available from the trustees for improvements, the property underwent a quick and effective renovation that included updates to the kitchen and bath, fresh paint, and staging, with a budget of $105,792 that was fronted by Revive. These improvements increased the property's value from an as-is price of $1,700,000 to a selling price of $2,295,000. The project culminated in a substantial profit of $489,209, a 35% increase in commission for the agent, and an ROI of 462.43%, showcasing the impact of targeted renovations on accelerating property value in a trust sale scenario.