Great lake proximity and public amenity access

[Lacey Hunter]

Investment Info:

Single-family residence buy & hold investment in Moses Lake.

Purchase price: $190,000

Custom-built 3 bed/2bath rambler with single car garage, fully fenced backyard and peek-a-boo views of Moses Lake. Less than a mile from the public boat launch/lake access and minutes from hwy 17. Home is located at the end of a dead-end street.

How did you find this deal and how did you negotiate it?

MLS; owner had already moved so deducted his monthly carrying costs * 3 months from the listing price as it would take at least that long for an out of state owner to get the place ready to rent.

How did you finance this deal?

Conventional 30-yr fixed

How did you add value to the deal?

Entire inside was in need of a neutral paint job (every room was painted a different neon color?!), electrical work had some DIY issues, deck needed staining, landscaping was not in great shape...knocked all of this out in a single weekend with some help from friends.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Jennifer Kron and the entire team at Moses Lake Realty are outstanding for support across the entire spectrum of services needed to purchase, rehab and rent out property across Grant County!