Work is underway at Bessemer

We closed on Bessemer on Tuesday and work got underway today. The guys cleaned up the yard and began airing the house out. A dumpster will be delivered tommorrow and clean out of the inside will begin. It’s gonna take a few dumpsters on this job as their is quite a bit of trash in the house.  The Humane Society will be coming tommorrow to get the four dogs.

The contractor we are using is actually one of the guys I found on the Craigslist ad I posted about last week. He has rehabbed a few houses for himself in the past and he was actually already on my buyers list… and I didn’t even realize it. He has been doing new construction for the past two years but wants to get back into doing rehabs. This will be a good one to start on.

Here are some pictures from today, including photos of the inside, you can see how trashed the place is: 

Bessemer Before Day One Work

Bessemer Before Day One Work

Bessemer After Day One of Work

Bessemer After Day One of Work

Breezeway

Breezeway

Kitchen

Kitchen

Most Disgusting Bathroom Ever

Most Disgusting Bathroom Ever

 

Living Room

Living Room

Kitchen 2

Kitchen 2

Dining Room

Dining Room

Bedroom Where Fire Started

Bedroom Where Fire Started

First Floor Bedroom

First Floor Bedroom

Back of House

Back of House

 

 The hardwood floors will be done over at Hartford Terrace tommorrow. I’ll put up some pictures of that.  We have two of our finished rehabs closing at the end of this month. Still waiting for clear title on the Fire Damage Three Family…. I don’t think we’ll be closing tommorrow on that one. We also have a rental house that we bought  in February on Ladd St getting finished up, we should have the new tenant in there May 1st.  

 

 

17 Bessemer St

Today we closed on the fire damaged Cape that I referenced in a previous post. This house is really nasty. Here is the newscast video from the fire:

The dogs are still in the basement, we have the Humane Society coming over to remove them and give them a proper burial. The plumbing in the house was not working … so the toilet is absolutely disgusting, overflowing with waste. Once the firefighters went inside the house and saw how nasty it was the city condemned it.  Maybe I’ll post some pictures when I get a chance. The rehab on this house should cost $55k-$60k. We are going to be adding a full dormer to the second level, which will give us two very large bedrooms and room for a second full bath. It will need all new windows, new vinyl siding, a new roof, new furnace, new plumbing, new kitchen, new bath, some new electric, and a new water heater.  This house is in an awesome neighborhood so once the work is complete it should be an easy resale.

Three Family

I met another contractor over at the fire damaged three family today. While I was there I took some additional photos:

The fire damage isn’t too bad…. it really only charred the rear clapboard siding and burnt up through a small section of the roof. Fortunately there is hardly any fire damage to the interior of the building. Unfortunately the units are in pretty rough shape so they are all gonna need rehab. We are probably going to end up spending around $100,000 for the renovations…  It should be a fun project, as long as we get the right contractor in there doing the job.

Another Day…. Another Deal

For the last week we have been looking at a vacant 3 family home that has some fire damage to the rear exterior. I don’t know what it is with these fire damaged homes but I have a knack for finding them. I’ve brought contractors through and have been running some numbers. We finally met with the owner today and put it under contract for $20,000 with a closing next week.  Heres a picture:

102_4987

 

 

It’s been empty for over two years and all the copper pipes are gone (big surprise lol). It’s gonna need three new boilers, three kitchens, three bathrooms, alot of new windows, siding, roof repair and new porches. This is a very large three family with all three bedroom units. Each unit should rent for $900 when renovated. We may keep this as a rental when the rehab is complete.  This came as a referral from an insurance adjuster we recently had worked with on another deal. The kicker on this property is that we may be able to get some of the insurance money back when we finish the rehab. I’ll post more details and photos as things progress with the property.

 

The hardwood floor guys are over at the house on Hartford Terrace and they should be wrapping up over the next three days. That house is gonna look good when the floors are complete. After the floors are done we will clean, stage, and than put it on the market.