5br/2ba on 1 Acre Lot!

$123,000
SOLD

2141

Property ID

2,318 SqFt

Size

Description

Perfect rental property two homes on the same lot. One home is a 3bed 1bath and the other is a 2bed 1bath. The smaller home already has a tenant in place. The larger home needs repairs. Great for a Cash Flow property because it will be two sources of income from one lot. If looking to Fix n Flip the property it will offer a large equity spread after the repairs.

Back House# 1: Private entrance,2bed 1bath, tenant in place.

Front house: Vacant, 3bed 1bath, needs repairs. (30k in repairs)

ADDITIONAL PICTURES OF 3B 1B.

FULL PROPERTY ANALYSIS

~LOCK BOX CODE CAN BE GIVEN TO SERIOUS BUYER~

REPAIRS:
$35,000

exterior paint

interior paint

drywall repair

bathroom

kitchen

flooring

more..

ACQUISITION PRICE:

THE TAX ASSESSED VALUE $123,000

AFTER REPAIR VALUE:

$230,000

EXIT PLAN (LOWEST ESTIMATE):

1) FIX & FLIP IT

2) FIX & RENT IT/ LEASE TO OWN

$2,223 in total rents. Renter currently in 2b 1bath home in the back and has been there for 28 years. Will move if you want him moved but he is not paying the average rent which is $875 (rentometer) and the 3b 1b can be fixed and rented for $1,348.


ACT NOW TO SECURE THIS PROPERTY BEFORE SOMEONE ELSE:
CALL 425-243-7413
NOT INTERESTED IN THIS PROPERTY? SHARE IT AND EARN A MARKETING FEE OF $1,000*

Address

Address: 26905 Grange Rd
  • Country: United States
  • Province / State: WA
  • Postal code / ZIP: 98223
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  • Property ID 2141
  • Price $123,000
  • Property Type Single Family
  • Property status SOLD
  • Year Built 1905
  • Size 2,318 SqFt

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Nearby Places

Contact

Name: Acquisitions Team

425-358-5051

Please send us an email if you are interested in the this property, call us directly, or fill out the form below!

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