From vacant to home, stage by stage

1. Acquisition1

   Acquired

   Kellbro acquired the vacant fourplex at 517 and 519 Jackson Avenue after a structural, systems, and code assessment priced the full restoration.

2. Baseline2

   Planned

   Scope, budget, contingency, and schedule set as one baseline, with lease-up planned unit by unit.

3. Approvals3

   Permitted

   Permits and inspections sequenced into the construction schedule.

4. October 20264

   Structure complete, interiors underway

   Structure and framing are complete. Interior finishes are underway in all four homes.

5. Closeout5

   Inspections and permits

   Final inspections, permit closeout, lead clearance, and the Healthy Homes rental permit before any home is shown.

6. December 20266

   Homes open

   Interior photos posted, rents finalized, and leasing opens.

Property page and rents →

1. Acquisition1

   Acquired

   Two three-bedroom homes acquired after structural, systems, and code assessments.

2. Baseline2

   Scope and budget set

   Restoration scopes priced and scheduled as one baseline.

3. Approvals3

   Permitted

   Permits and inspections built into the schedule.

4. October 20264

   Final finishes underway

   Interior finishes are underway. Addresses and photos are published when each home is ready to show.

5. Closeout5

   Inspections and permits

   Final inspection, permit closeout, lead clearance where required, and the Healthy Homes rental permit.

6. Leasing6

   Homes open

   Rents finalized, photos posted, and applications open.

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1. Acquisition1

   Acquired for $25,000

   A three-bedroom house, priced from a structural, systems, and code assessment.

2. Restoration2

   Restored for $10,000

   Work concentrated where it added value and durability.

3. Completed3

   Leased

   Occupied 95% of the time since completion. After-repair value $185,000.

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