At Low Tide Private Lending, we love sharing success stories that highlight the potential of real estate investments. Today, we’re excited to present a case study from Moncks Corner, SC, specifically the Conifer Hall subdivision. This fix and flip project is a perfect example of how strategic planning and execution can yield impressive returns.
Project Overview
- Location: Conifer Hall, Moncks Corner, SC
- Purchase Price: $155,000 (August 2023)
- Appraised ARV (After Repair Value): $282,500
- Listing Price: $315,000 (October 2023)
- Days on Market: 9
- Sale Price: $315,000
The Journey
In August 2023, an investor spotted a promising opportunity in the Conifer Hall subdivision. The property, although in need of some TLC, was purchased for a competitive price of $155,000. Given its potential and location, the investor saw an opportunity to transform it into a desirable home.
Renovation and Transformation
With a clear vision and a detailed plan, the renovation process began. Key updates included:
- Kitchen: Modernized with new cabinetry, countertops, and stainless steel appliances.
- Bathrooms: Completely remodeled with contemporary fixtures and finishes.
- Living Spaces: Fresh paint, new flooring, and updated lighting fixtures throughout.
- Exterior: Improved curb appeal with landscaping, new paint, and a repaired roof.
These improvements not only enhanced the aesthetic appeal but also significantly increased the property’s market value. An appraiser estimated the ARV at $282,500, a substantial increase from the purchase price.
Market Performance
Once the renovations were complete, the property was listed for sale in October 2023 for $315,000. The market response was overwhelmingly positive. Within just 9 days, the home was under contract for the full asking price. This quick turnaround highlights the importance of strategic pricing and marketing.
This fix and flip project in Moncks Corner is a testament to the potential rewards of real estate investing when done right. The investor’s ability to purchase, renovate, and sell the property at a significant profit within a short timeframe underscores the effectiveness of their strategy and execution.
At Low Tide Private Lending, we are proud to support investors in their real estate endeavors, providing the necessary funding and expertise to help them succeed. If you’re inspired by this success story and considering your own fix and flip project, we’re here to help you make it a reality.
Contact Us
For more information on how we can assist with your next real estate investment, contact Low Tide Private Lending today. Let’s turn your real estate visions into successful ventures!