🔥 $50K Profit In This Spanaway Flip Or Discounted Buy & Hold 🔥

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.

Built in 1988 by its original owner, this residence features 3 beds 2 baths with 1,384 sq. ft. of finished living space on an expansive 10,320 sq. ft. lot. This property is ideal for comfortable living in a serene neighborhood. Plus, it offers an easy commute to JBLM, making it perfect for those who work nearby. This cosmetic fixer-upper presents a wonderful opportunity to add your personal touch. Don’t miss the chance to transform this lovingly maintained house into a dream home!

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ASKING PRICE: $375K

ARV: $510K+

PREFERRED LENDER LINK

Jason Gray Loans

Perfect For:

🛠️ Fix & Flip

(Purchase Price) $375K + (Rehab) $80K = (Total Investment) $455K

(ARV) $510K plus - (Total Investment) $455K = (Gross Profit) $55K+

ARV Comps:

7520 211th St E, Spanaway, WA 98387 - Pending $599K

8752 22nd St E, Graham, WA 98338 - Sold $560K - 11/22/23

4705 247th St E, Graham, WA 98338 - Sold $525K - 9/10/24

1614 199th Street Ct E, Spanaway, WA 98387 - Sold $505K - 2/16/24

👀 Buy with Equity

(Purchase Price) $375K

As-Is Comps:

22003 50th Avenue Ct E, Spanaway, WA 98387 - Sold $485K - 5/8/24

20213 53rd Avenue Ct E, Spanaway, WA 98387 - Sold $475K - 9/30/24

5017 205th Street Ct E, Spanaway, WA 98387 - Sold $450K - 9/5/24

4626 222nd Street Ct E, Spanaway, WA 98387 - Sold $425K - 7/17/24

🚪 Buy & Hold

(Purchase Price) $375K + (Rental Rehab) $25K = (Total Investment) $400K

(Current Rent Rate) $2,700mo. - $2,638 (Estimated PITI Mortgage Payment at 20% down with 7.362% interest) = $62/mo. 

Rental Comps:

7414 202nd Street Ct E, Spanaway, WA 98387 - Rent $2,700/mo.

19328 78th Avenue Ct E, Spanaway, WA 98387 - Rent $2,500/mo.

1117 200th Street Ct E, Spanaway, WA 98387 - Rent 2,410/mo.

5105 204th Street Ct E, Spanaway, WA 98387 - Rent $2,195/mo.

Property Overview:

🛌 3 bedrooms

🚽 2 bathrooms

📏 1,384 sq. ft. 

📐 Lot size 10,319 sq. ft. - 0.237 Acres

📆 Built in 1988

Property Details:

🏡 Exterior: Needs paint

🏠 Roof: 10+ yrs old

🌳 Landscape: Needs a trim

🪟 Windows: Original

🪠 Utilities: City water and sewer

🔧 Plumbing: Original - working

🔌 Electric: Original - working

🚧 Foundation: No issues

🌡️ HVAC: Baseboard and cadet heating

🥵 A/C: None

🍽️ Kitchen: Original

🛁 Bathrooms: Original

🚗 Garage: 2 car garage

Additional Insights:

🚀 Great buy and hold

⏱️ History: Original owner

🚧 Attention Required:  Cosmetic update

🚚 Occupancy: Owner occuppied - vacant at closing

PLEASE CALL KATE TO SCHEDULE SHOWINGS

(858)-401-9233

TENTATIVE CLOSE DATE ON OR BEFORE 11/8/2024

WATCH 👀 THE WALK THROUGH VIDEO BELOW ⬇