Case Study: Creating $2,200/mo Passive Income in Historic Kenwood
The Project: A detached 2-car garage in the heart of Historic Kenwood (St. Pete). The structure was solid block but filled with clutter.
The Goal: The homeowners wanted to offset their rising property insurance premiums and build a nest egg for retirement without buying a second property.
The Numbers (Transparent Breakdown)
Here were the actual financials for this 480 sq ft conversion project completed in late 2024.
Investment (Cost)
Return (Income)
The Strategy
Instead of generic "rental grade" finishes, we installed Quartz Countertops and a Washer/Dryer combo. These two features allowed the homeowner to charge a $300/mo premium over other units in the area.
Today, this ADU covers 100% of the main house's property tax and insurance, effectively allowing the owners to live "tax-free."
Free Quote • 5-Star Rated • Licensed & Insured
We’ll reach out within 24 hours. No pressure no spam.
Proud members and featured across reputable local organizations.
bbb
Nahb
TBBA
CraftLine Remodeling Google Guaranteed
HomeAdvisor
Yelp
