Great Flip or STR (Short term rental) in Wenatchee WA!

Chelan County, Wenatchee, WA, 98801
Sold
Listed at: February 24th, 2022
Price
$264,997
ARV
$507,800
Gross Margin
$242,803
Sq. Footage
2064
Type
Single-Family
Parking
Assigned
Year build
1929
Lot size
0.23 acres
Bedrooms
4
Bathrooms
1
Half Bathrooms
0
Summary

Single Family Home with Detached garage and sitting on a corner lot. Great opportunity to update and place on the market or keep as a short-term rental and make an estimated 59.3 K a year based on https://www.airdna.co/. 1 bock away from the Columbia River, with great trails for biking and jogging.


Appreciation ARV: $507,800 ($460,000 Before Holding Appreciation)

ROI: 19.13%

Cash on Cash: 128.98%

Profit Analysis: $75,785

Closing date: March 21, 2022 or sooner


SUGGESTED REHAB

Paint interior and out. replace Flooring, Update kitchen and bathroom. Add a .75 bathroom to bring its value up even more.The home does have foundation issues, estimated repair is around 25k

Rehab Estimate: $110,000



Please do not visit without an appointment!


All of the properties we send out are typically sold very quickly, so if you don't want to miss this deal, please email or text your offer ASAP!



**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.
3D Walkthrough
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