31 Emerald Street – Keene, NH

Improvements

  • Replaced carpet with luxury vinyl flooring

     

  • Painted cabinets and walls throughout

     

  • Installed new stainless steel appliances

     

  • Enhanced interior appeal with cost-effective updates

Strategic Narrative

Why This Deal Made Sense:

  • Prime downtown Keene location, just off Main Street

     

  • Close to schools and amenities

     

  • Strong purchase-to-rent ratio with immediate upside

     

Biggest Wins / Lessons Learned:

  • Smart cosmetic improvements create rapid rent growth without heavy CapEx
  • Single-family rentals in prime locations can rival multifamily returns when properly repositioned

Investment Snapshot

Strategy:

Buy & Hold with optional ADU addition

CapEx Invested:

Cosmetic renovations only

NOI:

From vacant → $3,900/month rent roll

Plan:

Refinance at 75% LTV and stabilize long-term cash flow


After 3D Tour


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Deal Type:

Single-Family Rental

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Acquired:

April 2024 for $270,000

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Current Valuation:

$358,000

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Ownership Structure:

Purchased in cash, 75% LTV refinance planned