243 Renner SOLD

Another update is that my second building (243 Renner) has been sold to another urban pioneer, Greg Edwards, who is still actively trying to get it back on its feet like we were.

Yes, I gave it a bit of baby blue on the door and better secured the window well (after the city gave us code violations). I controlled the downspouts better by wrapping them around the back side of the building (and combined with the balcony tarps, seemed to stop the deterioration of the foundation from water infiltration).

But ultimately the city was getting on us too much about fixing the lean and other structural problems, so we made the decision to test the market instead of making the full investment in rehabbing it. Diana Tissue, our realtor, ultimately helped us get over a 200% return on the project, but it was tough to leave behind the beautify details of this building.

Here's to Greg as he works to save this one. Even with where we sold it to him, there's room to make money here still. I can't wait to see it when he's done!