Row House Tour

After brunch, we went back over to the row house neighborhood and Remington took us on a tour of a number of row houses, either in refurbishment or interesting places. The first was one that had the owners and several tenants living in it as they tried to renovate the place, room by room. That appeared to be hard, because these places are almost a hundred years of patchwork, repairs and changes, making gutting them and starting over a pretty appealing alternative.

Next, we looked at a four unit building that Remington and some other investors had bought for about $130,000 and were working to make into four nice apartments. Cash flow when rented could be about $3,500 per month off of rental income; not a bad return, and turning a very dilapidated building into a nice building.

Lastly, we toured the house across the alley from Katie, which is a grand old house, with stunningly beautiful woodwork. It is own by a lawyer and an art professor who are raising their three kids in the neighborhood.

After our tours, Gretta and Remington hosted us all to tacos at their house and it was then back to our hotel.