Nearly Turnkey Buy & Hold Deal in Spokane, WA - $20k+ Equity

[Kristin Whitaker]

Great opportunity to get a nearly turnkey (read below) rental in super-hot Spokane, WA market and almost $20k in equity.

This came across my desk from a new rehabber who dealt with quite a few contractor issues during this remodel that cost him dearly.  He needs to get out of it ASAP, stop the spending, and pay back his lender.  Here's the info:

95% of the remodel has been done.  New drywall, kitchen, paint, flooring.  This house has a huge addition with bonus living space that includes a master SUITE, not commonly found in this neighborhood.  This equals higher rent!  

To complete the rehab, the buyer will need a set of new back stairs, master shower door, and a heating vent installed in new addition.  That's pretty much it.

He has a few renters knocking the door down to get in at $1200/mo.

You could finish repairs, turn it around and list it around $149,900.  Or get a great buy & hold with a fair amount of equity.

See photos here and a video walkthrough here.  Assessor's info here.

Purchase $119,500.

Estimated rehab: $3,000

ARV: $149,900

Monthly Rent: $1200

Call or text me at (509) 210-2715, or email [email protected].