Here is the article reorganized with headings and subheadings:
An Abandoned Baseball Stadium is Now a $14 Million Luxury Apartment Complex
When Michael Cox first told people about his plan to convert a former Indianapolis baseball stadium into a 138-unit apartment complex, they thought he was crazy. But after a $14 million renovation and remodeling, Stadium Lofts is now one of the most unique apartment complexes in the city.
The former stadium, which was home to the Indianapolis Indians from 1931 to 1996 before eventually falling into disrepair, was in danger of being torn down before Cox’s plan was put into effect. Along with business partner John Watson and his two sons, Cox acquired the landmark property for just $1.
The stadium’s renovation began in August 2011 and was completed in a little under two years. By the time it opened in July 2013, all 138 apartments had been leased. The complex was converted into 95 one-bedroom apartments, 26 two-bedroom apartments, and 17 lofts. Rent in the complex ranges from $900 to $1,700 and each apartment has a washer and dryer.
The developers made sure to keep certain features in honor of the ballpark’s past, including the original scoreboard, old ticket booths and press box. They even put bases back on the field.
"We designed it such that when you walked in, you felt like you were walking into a historic stadium rather than an apartment building," Watson said.
They Turned an Old School into a 31-Unit Apartment Building
Jesse Wig never set out to remodel an abandoned school, but when he was approached with an off-market deal to buy the property in 2019, he was intrigued by the space’s potential.
After enlisting real estate investor Adam Colucci and developer Dan Spanovich, the trio bought the abandoned Bowtie High for $100,000. They embarked on an 18-month renovation beginning in 2020 to turn it into an apartment building.
The $3.3 million renovation’s price tag was more than they ever expected to pay, but once leasing began, they reached full occupancy within six months.
Monthly rent for one-bedrooms in the building starts at $1,400, while two-bedrooms start at $1,600. Some units that used to be classrooms have the original chalkboards and an enviable amount of natural light, thanks to massive windows throughout the space.
A Pilot’s $4,000-Month Rental Home with a Hangar
When test pilot Joe Sobczak was looking for a new home, he wasn’t worried about square footage or backyard space. Instead, he wanted a property where he could keep his plane.
In 2017, he found what he was looking for at a residential airpark at the Pine Mountain Lake Airport and bought his 3-bedroom, 7-bathroom, 5,000-square-foot home with a 3,600-square-foot hangar for $698,000.
The community where he lives has dozens of homes with hangars, each with their own deeded access to the taxiways and runways at the Tuolumne County airport.
A Woman Bought an Old Lighthouse for $71,000 and Spent $300,000 Turning it into a Home
In 2009, Sheila Consaul’s search for a second home took an unexpected turn. Though the 65-year-old communications consultant was originally looking for a normal house, when she learned that the U.S. government was auctioning off lighthouses, she was immediately interested.
After 10 years of renovation, the property is almost complete, with only a few finishing touches left to be done. The project has been a great challenge, but Consaul is proud of the end result.
These Americans Bought an Abandoned Home in Italy for $1 and Spent $35,000 Renovating it
Rubia Daniels was thrilled at the chance to purchase a building in Sicily for the low price of 1 euro. The only catch? The property had extensive mold, water damage, a termite infestation, and a collapsed roof.
Daniels plans to visit her Italian home for vacations and split her time between California and Sicily in retirement.
Conclusion
From a former baseball stadium to a lighthouse and an abandoned school, these Americans thought outside the box to turn unexpected spaces into their dream homes. Whether it’s a pilot’s hangar or a Sicilian retreat, their unique properties showcase the power of creativity and innovation.
FAQs
Q: What is the most expensive renovation project in the article?
A: The most expensive renovation project is the Stadium Lofts apartment complex, which cost $14 million.
Q: How much did Sheila Consaul spend renovating her lighthouse home?
A: Sheila Consaul spent around $300,000 renovating her lighthouse home.
Q: What is the pilot’s monthly rent for his hangar house?
A: The pilot’s monthly rent for his hangar house is $4,000.
Q: How much did Rubia Daniels pay for her abandoned home in Italy?
A: Rubia Daniels paid 1 euro (approximately $1.38 USD) for her abandoned home in Italy, with a renovation cost of $35,000.
