We spent $100,000 on an abandoned high school, and $3.3 million to convert it into apartments—take a look inside April 28, 2023 by Leo Jesse Wig, Adam Colucci, and Dan Spanovich purchased an abandoned high school in Homestead, Pennsylvania, and turned it into a 31-unit apartment building. Source: We spent $100,000 on an abandoned high school, and $3.3 million to convert it into apartments—take a look inside What a great idea.