Townhouse Development in Shoreline

[Christian Decker]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $525,000

Purchased a Single family home in the MUR zoning of Shoreline. This property has the ability to build 2 townhouses in the back yard while keeping the existing single family home.

What made you interested in investing in this type of deal?

The rare ability to build 2 townhouses while keeping the existing single family home.

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

MLS

How did you finance this deal?

Cash

How did you add value to the deal?

Permitting 2 townhouses

What was the outcome?

Still in permits