4,832 Sq Ft SoDo Renovation

This 4,832 sq ft block-and-brick home near Lake Holden sits on a 0.29-acre lot with a two-car garage. The current layout can be finished as a 4- or 5-bedroom, 4-bathroom single-family home with additional space for game rooms, media rooms, offices, or other living areas.  The owner has done a bunch of work, including but not limited to: installed a new front door, rebuilt the roofline above the entrance, replaced at least 10 windows, and framed two bedrooms, two closets, and two bathrooms. The electrical and plumbing work is complete through the current layout, the electrical panel has been relocated, concrete floor work is finished, and ceiling framing is complete across approximately three-quarters of the house. One bathroom is complete except for flooring. Drywall, bathroom vanities, tile, and split-system HVAC equipment may also remain onsite but we are waiting for a full inventory checklist.

Repairs Needed

• Complete remaining ceiling framing and drywall
• Install kitchen cabinets, countertops, and appliances
• Finish the remaining bathrooms
• Install flooring in the completed bathroom
• Install and commission the HVAC equipment
• Complete flooring, interior doors, trim, fixtures, and paint
• Inspect the main roof and complete any remaining exterior work
• Complete final inspections and approvals for the finished layout

Comparable Sales – we had to use some older comps for reference, due to lack of similar comps

1. 2712 Alamo Dr – 4/3, 1,881 sq ft, closed 8/27/25 for $455,000 ($242/sq ft), 0.09 mile – new construction with a two-car garage, but substantially smaller.
2. 717 31st St – 3/2, 1,554 sq ft, closed 3/13/26 for $495,000 ($319/sq ft), 0.15 mile – fully renovated with a pool and spa; pool and size mismatch.
3. 419 Page St – 3/2.5, 2,067 sq ft, closed 3/18/26 for $715,000 ($346/sq ft), 0.98 mile – fully renovated pool home in the stronger 32806 submarket; ceiling comp only.
4. 2727 Alamo Dr – 4/3.5, 2,908 sq ft, closed 4/25/24 for $725,000 ($249/sq ft), 0.08 mile – older same-street new-construction sale and the best larger-home reference.
5. 2713 Alamo Dr – 5/4, 3,116 sq ft, closed 9/17/24 for $725,000 ($233/sq ft), 0.09 mile – older same-street size and layout reference.

ARV & Rental Analysis – wide variance is due to our level of unsurity

Estimated Likely ARV: $675,000-$725,000 +/-

Estimated Rent: $3,500-$4,000 per month +/-