1005 Oak Ave

Updated Progress

Date: 03/06/25

The rehab is progressing well, with photos scheduled for Saturday and the property expected to be live by Monday or Tuesday—Wednesday at the latest for both projects. Everything is complete and looking great, with no major issues or delays so far. The focus is on ensuring all parties are paid, and options are being explored to close out the lenders before the sale. Staging at Oak is scheduled for today or tomorrow, and there’s excitement to get both properties on the market after several months of work.

Date: 02/03/25

The property rehab is progressing well, with final touches underway. The house is nearly ready for listing, with photos being taken soon. Most major work has been completed, with only minor paint touch-ups, cabinet door installations, and small finishing details remaining. A slight delay occurred due to the general contractor’s unexpected departure, which temporarily slowed the workflow, but the project is now near completion. The next steps include staging, photography, and listing. The budget has been successfully maintained, and additional photos will be uploaded for review.

Date: 01/13/25

The rehab project is nearing completion, with just a few finishing touches left. These include molding installation, kitchen cabinet painting, trim work, paint touch-ups, and an additional coat of polyurethane on the floors. Refinancing options are being explored, though discussions with Renay have not yet occurred. The realtor is running new comps to prepare the property for listing. There were some delays due to a GC emergency out of state, which led to hiring subcontractors for certain tasks. Despite this, the project remains on budget and is close to being finished.

Date: 12/12/24

The Oak property is nearing completion, with significant progress made on all major planned renovations. Remaining tasks include installing the LVP flooring, completing the shower surround in the main bathroom, applying a final coat of paint, and adding another layer of polyurethane on the hardwood floors. No current issues or delays are impacting the project, and the budget remains on track. Discussions with a realtor are underway regarding listing the property on the market within the next couple of weeks, though holding the property remains an option pending a review of the numbers alongside other ongoing projects and assets currently listed. Photos and videos documenting recent progress are being compiled and will be shared promptly via email or file transfer to share with the PML.

Date: 11/22/24

The progress on the property is going well so far. Key milestones that have been completed include full demolition, framing, drywall, priming, and painting. There are currently no issues or delays to report. The next significant step will be finishing the interior painting and sanding the floors. The project is staying on budget and remains in line with expectations. He can also share photos of the property for the PML if needed.