123 Main Street Renovation

Project Description

Complete interior renovation of a 3BR/2BA craftsman bungalow in South End. Project includes kitchen remodel, bathroom updates, new HVAC, and hardwood floor refinishing.

Purchase Price

$185K

Reno Budget

$65K

ARV

$375K

Projected ROI

33.25%

Sq. Ft.

1,850

Beds / Baths

3 / 2

Investor

JS

Jane Smith

Sole Investor — 123 Main Street Renovation LLC

Construction

R²

R² Remodeling

In-House Construction Arm (Wholly Owned)

Year Built

1948

Start Date

2025-08-15

Project Milestones

Acquisition

2025-08-15 completed

Permitting

2025-09-01 completed

Demo & Structural

2025-10-01 completed

Rough-In (Plumbing/Electrical)

2025-11-15 completed

Insulation & Drywall

2025-12-15 in progress

Finishes & Fixtures

2026-01-15 pending

Final Inspection

2026-02-15 pending

Listing & Sale

2026-03-01 pending

Category	Budgeted	Actual	Variance
Acquisition	$185,000	$185,000	$0
Demo & Structural	$8,000	$7,500	+$500
Plumbing	$12,000	$11,800	+$200
Electrical	$10,000	$9,500	+$500
HVAC	$8,000	$8,200	-$200
Finishes & Fixtures	$15,000	—	—
Landscaping	$5,000	—	—
Contingency	$7,000	—	—
Total	$250,000	$222,000	+$28,000

Budget On Track

Completed categories are running within 2% of budget projections. Remaining categories have not yet incurred costs.

Document	Category	Date	Type	Size
Operating Agreement — 123 Main St LLC	legal	2025-08-15	pdf	245 KB
Title Insurance Policy — 123 Main St	legal	2025-08-20	pdf	180 KB
Renovation Scope of Work — 123 Main St	project	2025-09-05	pdf	1.2 MB

BS

Bryan Sullivan

Project Manager

2026-02-01

Drywall finishing on track. Tile work starting in master bath next week. All materials for kitchen cabinets received and staged.

RM

Ryan McMahon

Project Manager

2026-01-15

Insulation complete in all rooms. Drywall hanging begins Monday. Project remains on budget.

BS

Bryan Sullivan

Project Manager

2025-12-20

Passed rough-in inspection. Minor electrical adjustment completed same day. Ready for insulation.

Project Description

Investor

Construction

Project Milestones

Acquisition

Permitting

Demo & Structural

Rough-In (Plumbing/Electrical)

Insulation & Drywall

Finishes & Fixtures

Final Inspection

Listing & Sale

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