Downtown Bellevue Condo Rehab
Investment Info:
Other buy & hold investment in Bellevue.
Purchase price: $400,000
Cash invested: $100,000
Downtown Bellevue condo - 1016SF 2BD/2BA - neighbors to Microsoft world headquarters and very near Amazon future expansion.
Myself and some contractor buddies were able to renovate the floors, bathroom, bedrooms, and paint all in about three weeks before getting it up for rent. Renovation cost was roughly $12k and based on nearby comps we believe the value increased roughly $75k from our improvements.