13 Winship Street

13 Winship Street – Brighton, MA

Strategic Narrative

Why We Did This Deal:

• Unique ability to convert a single-family into a multifamily, maximizing value and income.
  
  
• Strategic location: adjacent to other properties already owned, creating operational and management efficiencies.
  
  

What We’ve Changed/Improved:

• Began rehabilitation work (cosmetic + structural improvements).
  
  
• Preparing for construction to reconfigure into multifamily.
  
  

Biggest Wins / Lessons Learned:
➡️ Patience pays off. This deal took more than 3 years to secure—proving that persistence in sourcing off-market or niche opportunities delivers significant upside.

Purchase Price:

$460,000

CapEx Invested:

$80,000 in rehab (construction for multifamily conversion pending)

Current Valuation:

$510,000

NOI:

Vacant → $2,800/month potential rent roll (as single family)

Single-Family (Conversion to Multifamily Planned)

November 2023 for $460,000

$510,000

75% LTV financing

Buy & Hold → Convert to Multifamily