As you probably know, the housing market has been horrendous for years just about everywhere in the US. Since we’re in the home building industry, we’ve definitely seen lean times. M decided to branch out a little into something that will bring some money in and pay for itself as an investment. This condo was purchased for a song compared to it’s market value five years ago… a real bummer for the people who owned it, but a great deal in this buyers market. First it will be gutted, as the kitchen and bathrooms are about 30 years old and in need of updates. The tile floor are filthy too and the basement is downright dank. There are two rooms, living room and kitchen, on the first floor with bathroom inbetween – a basement laundry room, and two bedrooms with bathroom upstairs. Lots of natural light in this unit, which I think makes a big difference.
The location of this condo complex is wonderful- right across the street from a harbor that leads into Long Island Sound. It’s also a very safe walking and biking neighborhood, with a tennis court and swimming pool.
It's cute – I can totally see the potential!
they look really nice and good shape . I hope its a great investment for you both . Cant wait to see what you do with them
Sisters, we are!! Somehow connected and living parallel lives. We are doing the same thing, and renting it to our daughter. Covers our costs (plus some) and gives them a nice, reasonably priced place to live.
What a fantastic location!
It has lovely light. It's going to be great.
You are on the same bandwagon we are on. We have just identified another place and it looks like a GO. I love doing this-even though it is a LOT of work! I can't wait to see how yours turns out. It looks like you have great bones to work with. xo Diana
Karen ,,,thank you for all you sweet comments on my dad…I think we are the last builder left standing in Az and that is only because we had no debt and we are building our own house! I think the prices are still falling in Az so still afraid to buy anything to re-do…I think I will stick with the little trailers for a while…
Really cute; can`t wait to see it all dolled up!
S
xo
OMG, those kitchen and bathroom cabinets were once in my house….many years ago!!! And we thought they were just wonderful. Can't wait to see the re-do.
Have a great day!!
Bev
What a great find! It definitely has potential. A great place for a couple. The only thing that makes me cringe is the electric baseboards, around here that means a lot of monthly $$$ in the winter!
I'm looking forward to seeing the progress. I don't know that area at all, but the idea of being near the water sounds great. Hopefully it's mostly indoor work this time of year:-) Good Luck with your new investment.
It's cute and has so much potential. I can't wait to see the transforamtion!
Great bones, you will make it beautiful!
Can't wait to see what you do with it , please lots of pictures.
What a great place with lots of potential!
My hubby & I enjoy remodeling. This looks like great fun! Good luck… can't wait to see the after pics!
Looks like a little gem that was just waiting for you and the hubs to find it! Can't wait to see the finished project!
I think your husband is a wise man. Many people made a fortune just a few years ago flipping in a depressed market. It's a way that we can pull ourselves out of this recession, spending money to make money. Wise, wise, wise!
I CAN'T WAIT! I can not wait to see what you do…this is my Winter joy right now….
and the location you speak of!?! I would like to buy this flat! 🙂
Oh another envy blog. I'd love to do that, except not sure I have all the energy. So I will just follow you guys and think I'm on HGTV watching!
Exciting! How wonderful, and so much fun ahead. Looking forward to the results! 🙂
How lucky for y'all to be able to invest in this. Lots of potential.
Wow. I was thinking it wasn't "TOO bad" until the basement…scary!
Can't wait to see what you do with it!
xo, Cheryl
oh, congrats! i hope it will be a great investment for you!
This should keep you busy through the winter. :), I am going to enjoy it vicariously via you photos.
Looking forward to you creativity!
This is gonna be fun to watch the re-do. Fun!!!! Good luck!
Very smart idea. It's going to look great!! What a plus being by the harbor! I wish you the best of luck!
XO,
Jane
Looking forward to the during and after pics! I love stuff like this 🙂
xo, misha
Nice place, great location and I LOVE the wood floors and staircase.
Yes, it certainly does need an update, but the basics are there. I can't wait to follow the progress. This will be fun. Thanks for sharing.
Ooooo lovely light, lovely location and I can't wait to see what you will do with it!!!
With the economy as it is, business owners must have a Plan B. Looks like this is a good way to keep things going until things pick up again. We've had to make some major changes as well and plan to stay tight as 2012 may not be too bright. Look forward to seeing the renovations. Should be fun.
I can't WAIT to see what you do! It is pretty nice now, but you will make it awesome!!! Just no beams with bugs… 🙂
Love the windows and the wooden floors and the deck and the view. Can totally see why it's a great buy. Looking forward to the 'after' shots.
Do you know this site? (I've downloaded the app on my iPod and get weekly emails with very inspirational photos. Pretty sure you'll like it too.)
http://www.houzz.com
I am a remodeler at heart and have never stopped loving re-dos. What a great find in a fabulous area Karen. Can't wait to see what you do with it.
Sam
This is going to be so much fun to watch you make some magic! It already looks better than my house:)
So exciting, Karen! This Old Condo? 🙂
Great idea! It looks like it has a lot of potential and sure sounds like the location will be a selling point too. Can't wait to see what you do with it!