This property was purchased in early 2020 and since, we have upgraded the landscaping, renovated 3 units, replace the gutters and roof and some exterior cosmetic work. We are planning to paint the exterior in the summer of 2023.
Strive @ Davue was the second property we onboarded. When we purchased the property, it had quite a bit of deferred maintenance, which is what we look for when adding new properties to our portfolio. The neighborhood is called "Fairview", mostly black people live in this area. We target small apartment building in low-income neighborhoods and revitalize the building over an average 2 yr period, therefore, this property fit our criteria.
Large 2 bedroom units, hardwood flooring, ample parking, storage and laundry facilities. Close to shopping and transportation. Lovely neighborhood.
This is one of our favorite communities. Built in 1941, the architecture is superb. Solid brick exteriors, redwood hardwood floors, moldings and wall paneling. Original bathroom tile and character. Since onboarding the property, we have remodeled two units and several plumbing upgrades.
Strive @ Losantiville was discovered by a club member of Strive Wealth Builders and proposed to our team as a partnership opportunity for 1 year and then the partnership would dissolve and today Strive Real Estate is the sole owner.
Roselawn neighborhood is another thriving community where the majority of residents are black and low-income. The surrounding amenities include parks, shopping and nightlife. The property is just miles from downtown Cincinnati.
1 Bedroom units are large, private garages, storage, laundry room and common areas. Upscale neighborhoods within 1 mile and close to major highways.
This property is located on a main street, very close to Downtown and rapidly changing its landscape. New community amenities have been developed and the City's plan is to continue to rebuild this area. This property will demand a 50% rent increase once completed, however, our business model is maintaining market-rate rentals 10% below market rates.
Over 80% of residents that live in the Old Dayton neighborhood are black, however, the demographics for white households moving into this neighborhood has increased over 15% over the past 2 years.
Strive @ Salem is under a 100% rehab. When we purchased this property is was fully occupied and therefore, it was necessary to relocate tenants and phase the project. This property is walking distance from Downtown Dayton, parks, nightlife, community amenities and more.
What a Gem! We anticipate completion in summer of 2023. Extra-large units, 2 bedrooms, 1 bath, 1200 sf each unit, close to downtown, newly remodel units, granite countertops, new bathroom and hardwood flooring, stainless steel appliances. Upper units with decks, on-site laundry.