🔥HOT DEAL IN Olympia!!!🔥

In the heart of Olympia, 5 minutes from the Historic District. Very quiet neighborhood with HOT comps sold in the last month for up to $750,000. Property in great condition for a flip, mostly needs to be cleaned and landscaped. Check out photos to see!

Price: 390k

ARV: 575k+

Estimated repairs: 60k

PHOTOS: https://photos.app.goo.gl/5WYxWGRjgCf5eeSt7

CALL OR TEXT JOHN - (253) 534-8017

ADDRESS: 1411 Lybarger St SE, Olympia, WA 98501

4 Bed, 2 Bath, 1700 Sqft living space with an Attached 2 car Garage and an unfinished basement around 700 sqft.

Sits on 3 lots (.6 acres) County says you can build up to 4 units on.

Title is opened and this deal is ready to be assigned!

Property will be vacant upon closing (tenant is already moving out)

Close of Escrow: April 14, 2023 or sooner.

*This is an Assignment of Contract. Buyer must provide a non refundable earnest money deposit of $10,000 upon assignment. Buyer to cover closing costs, excise tax split between Buyer and Seller. 

Selling Points:

• Very good condition for a flip - est remodel around 60k, has new carpets and new garage door.
• Huge yard with quiet neighborhood, approved to build up to 4 units from the county.
• Unfinished Basement that can serve as extra square footage to the new Buyers once flipped.
• Good Roof replaced in the last 5 years.
• Septic Pumped March of last year and recorded.
• Large master bedroom with skylight.
• Very strong comps sold in the last two months. 

How to Maximize ARV:

• Landscaping
• Exterior cleaned and painted
• Interior cleaned
• Minor interior updating, remodeled bathroom and paint etc.(I would do LVP flooring throughout house instead of carpet)

Comps:

In this neighborhood, homes go pending within days and support high numbers. You will have no problem selling this property once you are done remodeling. The most accurate comp would be the first one and descending accuracy from there.

1. 1209 Fir St SE, Olympia, WA, 98501- (.2 miles away) 4 bed, 2 bath, 1832 sqft of living space, unfinished basement w large yard (.8 acres) went pending in 15 days and sold in December for 565,000!
2. 1118 Central St SE, Olympia, WA 98501 -(.3 miles away) 5 bed 2.5 bath, 2,600 sqft went pending in 21 days sold Feb 7 for 650k!
3. 820 Boundary St SE, Olympia, WA, 98501  (.4 miles away) huge house that I would not consider a comp, 3000 sqft, but went pending in 9 days and sold in December for $750,000!