CONSTRUCTION MANAGEMENT (New or Rehab)
Whether it is a residential rehab or groundup new construction, the Construction Management group of FAPTI provides the professional service to oversee the planning, design, and construction, from its beginning to its end. We deliver a high level of customer satisfaction with quality products by prioritizing time management, cost management, quality management.
Case Study - 2616 Rosedale
ACQUISITION/ PHASE I
PROPERTY DESCRIPTION
2 story single family home
Land size - 6,825 Sqft
1st floor 2 bedrooms and 1 bathroom ......... $600
2nd floor. 2 bedrooms and 1 bathroom ...... $600
TOTAL RENTAL INCOME .......................... $1,200
FEATURES TO CONSIDER
- ocalion
- land Value
- Income Potential
PRICE
Asking price ...................................... $185,000
PURCHASE PRICE ............................ $195,000
PHASE II
PROPERTY DESCRIPTION
1st floor 2 "1 bedroom/ 1 bath unit" at $850 per month...... $1,700
2nd floor 1 "3 bedroom/ 3 bath unit" at $650 per month.... $1,950
TOTAL RENTAL INCOME .................... $3,650
REHAB EXPENSES BY CATEGORY
| Type | Amount |
|---|---|
| Labor | $61,42300 |
| Material | $23,764,78 |
| Other | $8,495,00 |
| Total | $93,682,78 |
CAP RETURN ....................................... 7%
PHASE III
PROPERTY DESCRIPTION
1st floor.2 "1 bedroom/ 1 bath unit" at $850 per month....... $1,700
2nd floor 1 "3 becoom/ 3 bath unit" at $650 per month..... $1,950
Garage Apt. 2nd floor.2 "1 bedroom/1 bath unit" at $900 per month...... $1,800
Rental Income:................................ $5,450
Laundry Mat..................................... $100
TOTAL INCOME .............................. $5,550
PROPOSED UPDATE
- Rehab the second floor garage unit to 2 1" bedroom 1 bath unit"
- Add laundry with coin operated machine
ADDITIONAL REHAB COST $100,000
CAP RETURN ....................................... 10%
Fee Schedule
10% OF TOTAL ACTUAL RENOVATIONS COST
- Prepare strategies, cost estimates, budgets, and work timetables
- Supervise construction personnel and activities on-site
- Select, hire, and instruct laborers and subcontractors
- Comply with legal requirements, permits, building and safety codes, and other regulations
Member of & Affiliated With
See What Our Customers Say!
Alicia Hudson
Student
I could secure my housing remotely; view the apartment, submit lease application, pay the deposit, and sign the lease agreement, all were done online, move-in day was a breeze.
James M. Douglas
Distinguished Professor of Law,
TSU President (1995-1999)
Close proximity to campus makes it almost living in university housing for the students. In regards to how clean, spacious and private they are, always exceed expectation.
Cherille D Davis
Student
For A Place To Live was one the best decisions I made for housing. Rent is affordable for students especially my one bedroom which is awesome. I love how Jamil and his staff are dedicated to keep smiles on our faces.
Letitia Russell
Mother
“I particularly like the communication between housing staff and myself; if I am ever unable to reach my daughter on phone, they will locate her for me right away”
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