S Seattle Fixer 40 Cents on the Dollar! $121,000 Below Tax Assessed Value of the Land
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Greetings! |
8058 S 128th st, Seattle WA 98178
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Bedrooms: 3 Bathrooms: 1.5 Building Sq Ft: 1920
Tax Assessed (2010): $226,800 Lot Sq Ft: 1.98 Acres (86,248) Year Built: 1954 Garage: OVERSIZED 2 car Tax Assessed Value $201,000 (Value of the land is $200,000) Septic Currently this property needs a little work to get it market or rental ready. It sits on a oversized 2 acre parcel and is a great play for a long term hold and possibly subdivide in the future. Panel has been updated, but the rest of the house needs a full face lift for a flip. When this property is completely done, it will be one of the only houses for sale on this size of a lot in this price point.
House needs some work: - Roof - Windows - Refinish Hardwoods - Update Kitchens - Update bathrooms - Interior / Exterior Paint - Trim / Mill Work - Spruce garage - Landscaping
Total Investor Acquisition = $80,000
Fixed Up Value = $190,000 - $199,000 (maybe more, hard to comp the 2 acre lot) Click Here For More Pics: https://picasaweb.google.com/112506832239218751378/BurienFixer
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Exit Strategies:
Flip:If you put $50,000 in to remodeling the house completely, you will essentially be into the property for $130,000. At a sales price of $199,995 - $17,995 (selling cost) - $120,000 = a net profit of $52,400.00! Rental Income: Average Rents are $1200 - $1400 a month, depending on upgrades. Based on a mortgage of $600 a month (a loan amount of $80,000 dollar loan with a rate of 4.5% with tax and insurance), you have the potential to cash flow $800 a month!!!
Call immediately to reserve this opportunity
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Call Immediatly to Reserve this Opportunity! Sincerely,
James Dainard Invest Now, LLC 218 Main Street #388 (425)246-2187 |
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