PRETTY BIG REHAB FOR REALLY BIG PROFIT

Clallam County, Port Angeles, WA, 98362
Sold
Listed at: May 14th, 2024
Price
$236,000
ARV
$450,000
Gross Margin
$214,000
Sq. Footage
1776
Type
Single-Family
Parking
Off street
Year build
1930
Lot size
0.16 acres
Bedrooms
2
Bathrooms
1
Half Bathrooms
0
Summary

This is a cute house with massive potential in great historic neighborhood within Port Angeles, WA. Currently a 2 bed, 1 bath house with 924 square feet, but the house also has another 848 square foot unfinished basement with 7 feet of head space, perfectly ready to be finished which could add another 2 bedrooms and 1 bathroom plus another family room. Side entry could even make it ideal to be a separate living space if you wanted to add a little kitchen.

Take a look at the pics, and you will see this is a pretty major rehab most likely requiring a budget of around $100,000-$120,000. ARV on this place is roughly $450,000,  but could be even more if you make the basement a separate living quarters.

Finish this as a single family or make it a 2-unit. Either way, there is a lot of potential in this place.

 

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**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

Matt Williams

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Disposition manager