SEAVIEW AVE
SAVIN ST
MERRIMACK ST
40 SEAVIEW AVE. WINTHROP MA
To create more value in a deal EDGE takes a creative approach by seeing beyond what is, and focusing on what is possible. Finding hidden potential in properties enables EDGE to take on projects other developers wouldn’t even identify as profitable. This property was being marketed as a single family but upon further investigation it was found that legally it was a two family.
EDGE Set out to completely redesign the space and and built an addition creating two townhomes to engineer more useable, marketable space. The EDGE team capitalized on in house architectural expertise and creativity to secure high return from a deal many would not have been able to identify or execute.
ACQUIRED: $425K REHAB: $315K SOLD:$1.6M GROSS PROFIT: $420K ROI: 62%
71 SAVIN ST. DORCHESTER MA
Upon identifying this once worn down property in a rapidly appreciating location the EDGE Team quickly leveraged existing assets into a comfortable purchase price. An avenue of acquisition made possible due to EDGE's diverse portfolio and flexible structure.
The team then went to work pushing the necessary paperwork through municipal offices and securing approval to demolish and rebuild a modern successor that would revitalize the neighborhood’s aesthetic and go on to sell quickly. The process was smooth and efficient thanks to in house architects that facilitated quick turn arounds on high quality architectural designs.
ACQUIRED: $550K REHAB: $550K SOLD:$1.65M GROSS PROFIT: $550K ROI: 50%
189 E MERRIMACK ST. LOWLL MA
An off market deal found through EDGE’s extensive network. A fire in the building left it vacant and ruined, Several developers rejected it due to the difficulty.
Purchased with the intention of re-using much of the existing structure; further examination made that impossible as most of the building was structurally unsound and had to be replaced.
In the end EDGE reframed the building entirely, essentially creating a new one. However this created an opportunity. Through extensive architectural experience an opportunity to radically raise value by adding 4 units and maximizing bedrooms was identified and executed.
ACQUIRED: $1.1M REHAB: $1.63M
PROJECTED SALE:$3.2M GROSS PROFIT: $1.17M ROI: 42%
