This 3 bed / 1 bath, 888 sf house sits on a 9,900 sf lot, well above the typical 7,200 sf lots in Lincoln City Sec 5. Asking $99,900 against an ARV (As Is Layout) of $185K, with a $85,100 spread and about $30,000 in rehab.
The attached 1-car garage is 312 sf. ARV (Garage Converted) is $220K, a $120,100 spread, if you convert the garage with additional square footage. Nearby, 7812 Cora (918 sf) closed at $187,000, and 1710 Beaver Bend (1,134 sf) closed at $220,000.
Rent of $1,700/mo is backed by leases at $1,700 to $1,800, including one on Ferguson Way. No HOA. FEMA Flood Zone X, panel 48201C0470L. First come, first serve.
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