Beam Property Partners INC
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Portfolio
Crystal Beach
Purchase Date: May 2019
Property Type: Triplex
Purchase Price: $392,000
Renovations: $110,000
Market Value 2022: $750,000
Original money left in the deal: $0
We purchased this property as a fixer upper. It wasn't rented at the time and was in a major state of disrepair. After updating it extensively, we were able to find great quality tenants that provide excellent monthly cash flow and a high rate of return on our investment.
Fort Erie - Sold
Purchase Date: October 2017
Property Type: Triplex
Purchase Price: $235,000
Renovations/value added: $10,000
Sold Price: $490,000
We purchased this property fully rented and completed renovations that added value over the years such as a new driveway, bathroom, furnaces and spray foam insulation. After some fixing up, we were able to find good quality tenants that provide excellent monthly cash flow and a high rate of return on our investment.
Sold in 2021 for an average yearly ROI of 147%!