$685,000 · SEATTLE, WA 98105
Works for flippers · Landlords would lose money

Available

$685,000Asking price

5 bd · 2.5 ba · 1,900 sq ft · built 1926

SEATTLE, WA 98105

Contract on file

via InvestorLift Classic

4 views · listed Sep 16

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $1,190,000
Asking price: −$685,000
RepairsMiddle of the seller’s $135,000 – $220,000. Ours: $61,000 – $110,000: −$177,500
Loan, holding, closing20% down, 12% interest, 2 points, 131 days: −$90,812
Profit19.9% of ARV · flippers want 10%+: $236,688
Works

Works for a flipper up to $793,000.

PIVOTAL REAL ESTATE

Tyler Thomas

No reviews yet

Comps

Sales

Rents

ARV $1,190,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $1,046,000.

The sales behind this value are shown to members.

ARV $1,190,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

PIVOTAL REAL ESTATE

Tyler Thomas

No reviews yet

Seller Description

This project offers two strong investment strategies:

• Flip: Renovate the existing home with four-bedrooms, retain the garage, and resell it as a fully updated single-family residence.

• BRRR / Student Rental: Convert the garage into a fifth bedroom and renovate into a high-demand student housing rental.

The location offers easy access to UW, public transportation, University Village, and the surrounding Northeast Seattle neighborhoods. The proposed renovation fits naturally with the existing neighborhood and local rental demand.

I recently wholesaled a similar project nearby. Ask me about that project to learn more about the renovation strategy and student-rental potential.