Rehab this Getaway For Big Profit!

Grays Harbor County, Copalis Beach, WA, 98535
Sold
Listed at: May 17th, 2024
Price
$111,500
ARV
$395,000
Gross Margin
$283,500
Sq. Footage
1656
Type
Single-Family
Parking
Off street
Year build
1940
Lot size
6.15 acres
Bedrooms
3
Bathrooms
1
Half Bathrooms
0
Summary

CALLING ALL REHABBERS

This charming getaway sits on 6 acres and is primed to be rehabbed and flipped! This will end up making an incredible primary residence, or AirBnB, or vacation home. 

House is 1,656 sq ft with 3 beds and 1 bath. As you can see by the photos, this will need a major rehab, probably down to the studs. Project estimated rehab budget around $175,000-$195,000. The upside though is huge. Examining comps out there, I anticipate this would sell for $390,000 once nicely rehabbed. This is an awesome opportunity.

Here are a few comps for you:
115 Copalis Beach Rd - Right next door. Sold for $302,000, and it is only 888 square feet. 
36 Egge Rd- Only 1,052 sq feet. Was clean, but hadn't ever been updated. Sold for $343,000.
14 N. Shore Pl- Same square footage. Had been updated, but with pretty low grade finishes. Sold for $400,000.
6 Bayview Ln- Slightly bigger (1,806 sq ft). Not updated at all. Way less acreage. Sold for $365,000.

 

Click Link Above for Address

**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