ISO Private Investor in Greater Seattle Area

[Hugh Springer]

Seeking: Investment Partner for $500k 

Prop Asset: 2bd/1ba 1920s 1024 sqft bungalow, zoned multi-fam, with 180 degree ocean view, located between Seattle & Vancouver

Buy & Hold as an LTR: 6.8% cap rate, MTR: 10% cap rate, STR: 12% cap rate

ARV: $725k as a 1024 sqft 2bd/1ba (original)
ARV: $850k as a 1675 sqft 3bd/2ba (with finished walk-out bsmt)
ARV: $925k as a 2024 sqft 4bd/3ba (with finished attic)
ARV: $1.15M as 2024 sqft 4bd/3ba (+500 sqft DADU)