The Opportunity
A burnt-out shell nobody else wanted
1028 House St in Columbia, SC was previously four 1-bed, 1-bath units — but by the time we found it, the building was a burnt-out shell.
We picked it up for $75,000. There was no functioning building to speak of, but the bones and the bones' location were worth rebuilding around.
What We Did
Rebuilt from the studs, licensed as a 4-unit Airbnb
Purchased four burnt-out 1-bed, 1-bath units for $75K
Rebuilt the entire structure to rental standard, roughly $270K in rehab
Landed in the mid-$300Ks all-in on a property that started as a shell
Secured a short-term rental designation for all four units
Re-leased the property as a 4-unit Airbnb — rents grew from $33K to $123K/yr
Took over day-to-day short-term rental management in-house
The Result
A fully licensed, fully booked 4-unit Airbnb
A shell that couldn't be rented is now a short-term rental generating six figures in effective gross income — on a property that cost $75K to acquire.
4
Units rebuilt from a burnt-out shell
$123K
Annual rents ($33K → $123K)
$104K
Effective gross income annually
$450K
Current value (from a $75K shell)
Have a property that's underperforming?
House St started as a burnt-out shell nobody else wanted. If you own real estate that isn't living up to its potential — or you want to invest alongside deals like this — let's talk.