Abandoned High School Transformed into Apartments with $3.3 Million Investment

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We spent $100,000 on an abandoned high school, and $3.3 million to convert it into apartments—take a look inside

Wig, a real estate agent and investor, saw the potential in the space, but knew he couldn't take on the project alone.

"I'm not sure we would have done the renovation in the beginning if we would have known what it was going to take," Spanovich said.Malhari Media for CNBC Make It Apartments are also equipped with stainless steel appliances, in-unit washers and dryers, and walk-in closets.Malhari Media for CNBC Make ItWhen Colucci learned that the school just right across the street from their property was up for sale, it was already under contract with another investor.

Spanovich estimates they will need more than the mortgage amount to finish the school because it's been a "much more challenging project than Bowtie High was."Malhari Media for CNBC Make It

 

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