Amazing 16%+ Flip in Seattle - CORNER LOT at a Very Accessible Location!

King County, Seattle, WA, 98146
Sold
Listed at: December 27th, 2021
Price
$554,997
ARV
$851,800
Gross Margin
$296,803
Sq. Footage
1820
Type
Single-Family
Parking
Attached Garage
Year build
1955
Lot size
8010.00 sqft
Bedrooms
4
Bathrooms
1
Half Bathrooms
0
Summary

Awesome 1,820 sqft house flip on a CORNER LOT with 1 car garage! Foundation and roof are in great shape. Panel was replaced a few years back and wirings are all Romex. Surrounded by highly rated parks and restaurants. Close to Taco Bell, McDonald's, and Southgate Roller Rink. Several schools, supermarkets, and stores are also within 2 miles.  


**Please Note:

  • If you check on Google Maps, it's the blue house on the corner. Street view has the wrong house.
  • 1.75 baths shown on county records, so it's possible to add a 3/4 bath.


CLICK HERE FOR MORE PHOTOS


Rehab Estimate: $80,000

Appreciation ARV: $851,800 ($805,000 before Holding Appreciation)

ROI: 16.84%

Cash on Cash: 108.32%

Profit Analysis: $113,957

Closing Date: March 10th or sooner


Rehab Details: Interior & exterior paint, fixtures, doors & windows, cosmetic remodel, deck boards touch up, plumbing, and electrical.


House is currently occupied by tenants who are under month to month tenancy and

will be vacating the house by the end of February 2022 or sooner.

Property will be Vacant on Closing.


**IF YOU WANT THIS DEAL, SUBMIT YOUR PRELIMINARY OFFER BY CLICKING THE BLUE BUTTON "Make An Offer". This notifies us you are serious and ready to move forward.** DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract is signed with the Seller giving our company exclusive rights to purchase the property. Our company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/ SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action against you. Our company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Viktor Rybachuk

No reviews

Disposition manager