abandoned school to apts

via fb share via tiffany ball [https://www.cnbc.com/2023/04/25/apartment-building-abandoned-high-school-unlocked.html]:

We spent $100,000 on an abandoned high school, and $3.3 million to convert it into apartments—take a look inside – (jun 2023)

(from 8 min video) the building was brought to me off market.. was 250 000 .. got to 100k.. took 18 months 3.3 mill to complete.. got historical tax credits on building.. 3 guys.. in real estate et al.. in homestead pa.. buying 2nd school for 90k.. kept concrete floors.. ceiling height.. chalkboards.. huge windows.. most people couldn’t be happier.. bldgs sat vacant for long time..

(from article) In 2019, Jesse Wig, 35, was approached with an off-market deal to buy an old high school in Homestead, Pennsylvania, located about seven miles away from Pittsburgh. The building had been abandoned for almost 10 years.

Wig, a real estate agent and investor, saw the potential in the space, but knew he couldn’t take on the project alone.

He got in touch with Adam Colucci, a 35-year-old real estate investor and owner of an audio-video business, and Dan Spanovich, a 42-year-old real estate developer and lawyer.

In May 2019, the trio bought the abandoned school, Bowtie High, for $100,000 and converted it into a 31-unit apartment building. The renovation started in early 2020 and took about 18 months to complete.

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living spaces et al.. squatting ness et al.. iwan baan et al.. empty buildings et al.. unauthorized home less ness et al.. madagascar love et al

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