Beds: 3 Baths: 2 Sq. Ft: 1,502
ARV: $105k Repairs: $10k- $15k
Get your ski mask ready, because this home isn’t a deal, it’s a STEAL! Where else can you find a 3 bedroom POOL home, with a garage, sitting on 2.5 lots for under $60k? The last time this house was for sale, it sold for a whopping $203k in 2005! In fact, this home hasn’t sold for this cheap since 1983. A little TLC will make this home shine and ready to make you $1,100 a month in rent. However, there is enough margin for a flip if you’re willing to do the work. With new construction going up just one block over, there is potential to sell a piece of your lot to a builder or even build another home yourself! Additionally, this home is zoned for A rated Chain of Lakes Middle and A rated Olympia High School.
Property features include; a sturdy architectural shingle roof, several newer windows, tile flooring in the common areas, brick wood burning fireplace, screened in pool area and a double lot. Rehab: 10-15k: Interior paint, repair broken windows, appliances, flooring in bedrooms, install remainder of kitchen cabinets, pool maintenance, install new electric panel, a/c unit, septic certification, misc. cosmetics. Rent Comps: Similar homes in the area rent for an average of $1100/month, resulting in a gross ROI of 18% after purchase price, rehab and closing costs are combined.. Contact me at 407-404-3225 or email me at Alex@VaultVentures.net
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