2016 S GRANADA, TEMPE

Duplexes on Granada in Tempe by Bill Tonnesen
BEFORE

We bought this property with Maurice while he was still in Spain but it was such a good deal we moved forward without him seeing it.
Duplexes on Granada in Tempe by Bill Tonnesen
AFTER


Kitchen utensils used in low wall.

Sam, who was forced to model, heads up property management and acquisition research.
Front door of one of the duplexes after completion.

Front door of one of the duplexes after completion.


The concrete "medallion" on the right was a blob of wash-out I stomped on.

Concrete medallion.


Prepping for sandblasting. Cutting the asphalt shingles flush with the drip cap flashing helps avoid the air tearing up the roof while blasting the facia.

Prepping for sandblasting.

BEFORE SANDBLASTING


Seeing the cedar fence on the left paint-free gave me the idea to do the same thing on the other side.

Paint free cedar fence.

AFTER SANDBLASTING


This roof deck is the same profile we used at the Forest duplexes but it's galvanized. Didn't cost anymore ($1.00/s.f., figure another $0.25 for ridgecap, flashing, closures and screws). The supplier was Bunger Steel.

Galvanized roofing.


For four days we stormed the place and did the roof, low wall, patios, landscaping and new front doors. The front and the insides were done and ready to rent in 2 ½ weeks.

It feels like a dream project. The rent covers the debt service on the purchase and fix up costs AND throws off cash. This would have never been possible before the turndown. The bank writing off half the asset makes it all possible.

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Finishing low walls and landscaping.