Millennials Bought an Abandoned High School for $100,000 and Turned It Into a 31-Unit Apartment Building—Take a Look Inside
The 34-year-old real estate agent bought the school and then reached out to a friend who connected him to Adam Colucci, a 35-year-old real estate investor and owner of an audio-video business.
The two realized they needed help and connected with Dan Spanovich, a 41-year-old full-time developer, and multifamily property manager.Dan Spanovich , Jesse Wig , and Adam Colucci bought the abandoned high school in 2019. In the end, they were left with only 25,000 square feet of leasable square footage, which amounted to 31 apartments.Colucci says it was important for them that the building retain some of the school's elements."We worked closely with the National Park Services to ensure it kept its historical significance," he said."We went out of our way to ensure the school kept its historical look.
"I told the guys that if that deal ever fell through, they needed to jump on buying the building," he said.The high school was converted into 29 one-bedroom apartments and two two-bedroom apartments.
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