🏚️ 50K Profit in this Spokane Fix and Flip 🏡

We have an assignable contract available to purchase: 

Go to foursquaredeals.net to see our other deals/inventory.  You can also view our sold deals for reference.

Attention real estate Invstors:  This centrally located Spokane - West Central 3 bd 1 ba home is close to downtown and the freeway yet away from the hustle and bustle.  Close to grocery, dinning and shopping.  Tons of value-add potential.  Great opportunity to maximize your return on investment or add to your portfolio.

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ASKING PRICE: 142,500

ARV: 305,000

Perfect For:

🛠️ Fix & Flip

(Purchase Price) 142,500 + (Rehab) 80K = (Total Investment) 222,500

(ARV) 305,000 - (Total Investment) 222,500 = (Gross Profit) 82,500K

ARV Comps:

1527 W Shannon Ave Spokane, WA 99205 - SOLD 353,500

1117 W Indiana Ave Spokane, WA 99205 - SOLD 315,000

1124 W Carlisle Ave Spokane, WA 99205 - SOLD 300,000

👀 Buy with Equity

(Purchase Price) 142,500

Cash Comps:

1024 W Spofford Spokane, WA 99205 - SOLD 155,000

1708 W Mansfield Ave Spokane, WA 99205 - SOLD 195,000

1309 W Shannon Ave Spokane, WA 99205 - SOLD 201,000

🚪 Buy & Hold

(Purchase Price) 142,500 + (Rental Rehab) 30,000 = (Total Investment) 172,500

(Current Rent Rate) 1,600 - 1,900 (Estimated Mortgage Payment) 1,236 / mo. 

Rental Comps:

1622 W Mission Ave Spokane, WA 99201 - Rent 1,695

1805 W Boone Ave Spokane, WA 99201 - Rent 1,795

2228 N Buell Ct Spokane, WA 99205 - Rent 1,895

Property Overview:

🛌 3 Bedrooms

🚽 1 Bathroom

📏 1,456 sq. ft.

📅 Built in 1903

Property Details:

🏚️ Exterior: Distressed -  siding could be replaced - New windows (5 years) some windows need trim (see photos)

🏠 Roof: Needs to be replaced

🪠 Utilities: Plumbing good - Updated breaker box and new wiring throughout (5 years)

💦 Hot Water Heater: Good

🥵 A/C: None

🚗 Garage: None

⚠️ Alley access

💰Unfinished basement (ceiling hight 6 ft.) (washer & dryer)

Additional Insights:

🚀 Area: Neighborhood - West Central - Many sold flips near by (see attached comps)

⏱️ History: Long term tenant -  Tired out of state landlord

🚧 Attention Required: Interior updates throughout + siding & roof

🚚 Vacancy: Currently tenant occupied will be delivered vacant at closing

PLEASE CALL KATE TO SCHEDULE SHOWINGS

(858)-401-9233

TENTATIVE CLOSE DATE ON OR BEFORE 11/15/2024

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