INVIDA subdivided a five-row house, selling the front block and converting the rear into a five-bedroom co-living space with accessible design. Local houses rent for $600 a week; this conversion more than doubled the investor's rental income.
Questions this video answers
October 25, 2022.
An old five row house (since the 1980s).
They subdivided the block, sold the front block to release equity, and created a five-bedroom co-living product on the back.
Five bedrooms.
Around $600 a week.
Chapters
What Invita does is gives you options. You can come to us with any sort of property or without a property and we can find a solution for you to create a high income producing asset. In this case, they've taken an old block that they had an old five row house since the 80s on. We've helped them subdivide it. They've been able to release some equity by selling the front block and creating a five bedroom co living product on the back.
Inveda has the personnel, the expertise, the knowledge and the guidance to actually provide you with either part of a package and the variation in between to a total product.
This kind of house is going to be great for the tenants moving in because it's an adaptable home. So it gives lots of different options to the kind of tenants that are going to be in here. With the changes in the National Construction Code and the regulations in different areas, giving universal access is really important if someone's in here with a disability.
So there are no steps, there are no climbs and the doors are much wider so you can allow a person in a wheelchair to actually access the kitchen, the common area. It's all on the same level and.
That'S part of the Invita process. You can have empty nesters, you can have people that are in university or professional positions.
So Nvidia has that sort of knowledge to actually help you to actually build a place or convert a place for you. With all that expertise in mind.
Houses rent in this area for around $600 a week and these investors are going to more than double that with this co living property.
I would highly recommend being involved with the Invita group of people and the team and the staff over three years. I highly recommend it.
