SOLD!! 2Bd/1Bth Fixer Upper, Fix and Flip in Mt Vernon, WA

[MichaelLynnae Pompeo]

Purchase Price: $56,000 (Cash only)
ARV: $210,000

Projected Net Profit: $62,500

KEY FEATURES:

Year Built: 1900
Sq Footage: 800
Bedrooms: 2
Bathrooms: 1
Floors: 1
Lot Size: 18,295 SF

Property Type: Single Family House

DESCRIPTION:

Rehab: $60,000
Rehab Includes: New electric, new plumbing, all walls, ceiling and floors, ext paint, full kitchen rehab, full bath rehab, landscaping, raising corner of house that dipped.

NUMBERS:

$210K ARV - 15% (CC, HC, Realtors) = $178,500
$178,500 - $60K rehab = $118,500
$118,500K - $56K = $62,500 Estimated Profit

HIGHLIGHTS:

Family neighborhood, Walking distance to Clearlake Elementary and the lake, not a busy street, and larger plot.

COMPS:

$180,000 2Bd/1Bth 900 SqFt, Sold 4 mths ago, 23682 Lake Dr Mount Vernon
$208,000 2Bd/1Bth 1,300 SqFt, Sold 1 year ago, 22532 Babcock Rd, Mount Vernon
$214,000 3Bd/2Bth 1,200 SqFt, Sold 7 mths ago, 23527 Whiting St Mount Vernon
$185,900 3Bd/1Bth 1,000 SqFt, Sold 9 mths ago, 12793 Hemlock St Mount Vernon

-links for comps: https://docs.google.com/spreadsheets/d/1W-DeiECJ9d5Pdjhuy9qsGSC4iN_fo6K01fcOCMyLUII/edit?usp=sharing

Closing Date: 8/17/2017
Inspection Period Ends: 8/1/2017

Call for address, info or to schedule a tour. Real cash buyers only.
Don't forget to watch the video!

VIRTUAL TOUR: https://drive.google.com/open?id=0B4infNr_8jgzbjNVN2Z5U3ZhNHM

CONTACT US FOR MORE INFO:

Michael & Lynnae (424) 254-9240

[Kevin Enderle]

I'm already in the middle of a rehab in Bellingham or I'd jump on this. But I'd be interested in getting any future listings in Skagit or Whatcom. I also own MoldBuster and can handle any mold mitigation needs. I have co-opt' mitigation and rebuilding with investors before.