They should be pretty standard condo conversion material. Granite, laminate floors, new windows, SS appliances. The
Gintz Group is behind the ownership LLC and they have done numerous conversions.
I have spoken to someone who was involved in one of their conversions a few years back and they said they put about $15k into each unit. Those were on small 540sqft units. So it isn't expensive to put the granite, pergo, and other materials in when you are doing numerous units.
The complex sold for $4,100,000 and there are 80 units = average of $51,250 per unit purchase price. Now lets say they add $25k per unit total project cost (interior and exterior upgrades to the whole complex). SO the unit cost is $76,250 x 80 = $6,100,000 approx total conversion cost.
I am not sure how many units are 2 bed ( I am guessing $149k) or how many are 1 bedrooms ($119k?) so lets say the average unit is $135k.
$135,000 x 80 units = $10,400,000 - $6,100,000 (cost) =
$4,300,000 approx profit.
That is why they can be affordable. Plus you are going into section of Hilltop that has not seen any condos and is very SFR oriented. If you get closer to DT you will pay about $150k for a similar condo in a conversion.
The building was built in 1968 and has an effective year built of 1993.