Seattle House in great Area needs cash buyer

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Seattle House in great Area needs cash buyer

Investor · Seattle, WA · Member since 2013 · 77 posts · 9 votes

Details:

2 bd, 1.5 ba, 960 sq ft

7700 sq ft lot 

290 sq ft attached garage that can easily be converted into a bedroom.  It is already sheet rocked and finishes just needs the garage door replaced and framed in.

Easily add a second bath to make this a 3/2 once garage is converted.

Currently used as a rental home and needs some TLC. The back yard needs a complete overhaul and large trees removed. There are two out buildings on the property that can either stay but I would remove at least one. They are both wired and have lighting in place. There is zero inventory in the the area and ARV with a conversion would be 370k. Asking price is 275k with 50k in fix up costs. PM if interested and I can supply address.

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  • Tacoma, WA · Member since 2010 · 203 posts · 93 votes
    11y

    95k spread with 50k in work is pretty tight.

  • Investor / Lender · Seattle, WA · Member since 2014 · 1k+ posts · 730 votes
    11y

    @Bryan R. is right. After you factor in closing costs, holding costs, loan fees, and selling costs... It seems like your best case scenario here is breaking even... But maybe there's another angle. What area/neighborhood is it in?

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