Cosmetic Remodel Opportunity - 2634 N Bennett St, Tacoma 98407
North End Rambler, with primarily cosmetic repairs needed.
Positives:
- Metal roof,
- New carpet in bedrooms,
- LARGE two car garage,
- Fully paved, concrete stamped backyard,
- Majority of work needed is cosmetic,
Negatives:
- 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!
Isaac Schaefer
Realty One Group Turn Key
253-208-7297 (call or text)