North End Rambler, with primarily cosmetic repairs needed.
- Metal roof,
- New carpet in bedrooms,
- LARGE two car garage,
- Fully paved, concrete stamped backyard,
- Majority of work needed is cosmetic,
- Federal pacific electrical panel,
- Pergo flooring in laundry room and kitchen needs to be replaced,
- Floor in half bath needing repair (specifically near toilet),
- Lingering smoke smell,
- Dry rot where downspout is missing,
- Crawl space not 100% accessible,
I have had this property listed on the NWMLS for quite some time, but I am afraid I am not getting it to the right demographic; hence posting it on BiggerPockets. This home has good bones, but due to it's condition, the majority of MLS buyers are not interested.
Comps support an ARV of $400,000 on the very low, and $460,000 on the high. Likely in the $425,000 range depending on renovation quality.
Rents in the area indicate that this property could rent for $1800 on the low, and $2300 on the high (again, depending on renovations).
Pre-Inspection completed by licensed and bonded inspector. Let me know if you would like a copy of the inspection report, and I will send it to you.
Vacant - I can show you the home anytime!
Realty One Group Turn Key
253-208-7297 (call or text)
HI Isaac! Did anyone get an estimate on the cost of rehab and I don't see how comps could support 400's. This looks like in the 300's neighborhood. Could you send me details and CMA on this? Also, I see is a preforeclosure. Does the owner still have it listed with you? If it's a light fixer I may be interested to flip quickly. I'm a cash buyer and can close within a couple weeks. Thanks!
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