The Opportunity
14 years, one tenant, no maintenance
We acquired Jordan River, a 4-bed / 2.5-bath home in Las Vegas built in 1997, for $157,000 in March 2021.
The same Section 8 tenant had lived there for 14 years, and the home had been left in poor condition throughout — worn finishes, dated systems, deferred maintenance. The owner no longer wanted to manage the property or deal with the upkeep it needed.
What We Did
A full renovation, top to bottom
Acquired the property from an owner no longer willing to manage it
Invested $69,000 renovating a home worn by 14 years of deferred upkeep
Renovated the kitchen, bathrooms, and living spaces throughout
Repositioned the property as a long-term rental
Took over day-to-day management in-house
The Result
From a worn-out rental to a $410K asset
A property that had been neglected for over a decade is now fully renovated, professionally managed, and generating stable long-term rent.
$157K
Acquisition
$69K
Rehab cost
$410K
Current value
Have a property that needs a turnaround?
Jordan River went from a decade of deferred maintenance to a fully renovated asset. If you own a property that needs work — or you want to invest alongside deals like this — let's talk.