Starting Price: $150,000

802 Polk St, Hoquiam, WA 98550 

Bedrooms: 3 bed

Bathrooms: 1 bath

Square Feet: 1,384 Sq Ft 

Lot: 3,484 Sq Ft 

Built: 1927

1107 Arnold Ave, Hoquiam, WA

Lot: 8,707 Sq Ft 

Rehab Estimate: $62,500

Appreciation ARV: $310,200 ($285,500 before Holding Appreciation)

Profit Analysis: $62,700 / 27.85%

Closing date: Nov 15th or sooner

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Option 1: Remodel House 1 (1,384 Sq Ft) for $62,000 Conservatively, leave back house in same condition/or tear down and use as a second parcel, Sell package with land for $310,000 (300k house)+ 10k extra parcel. Profit $72,000 or 27.85% ROI.

Option 2: Remodel house 1 (1,384 Sq Ft) for $62,000 Conservatively, tear down back house and install manufactured home on site (150k) sell houses separately.

• House 1 ARV 300,000 Profit potential $62,000 
• House 2 (MFH) 1200s/f Build for $150,000. ARV $250,000 Profit potential $70,000 conservatively (including financing cost)
• Estimated Profit from both parcels $132,000 or 41.26% ROI

Option 3: Rental Option

• House 1: 3 bed median rent $1,079 month 
• House 2: tear down or replace with mobile home for extra rental
• Total: $1079 revenue on 150k purchase (one house only)