Duplex For Sale near Gig Harbor WA 115k!!!

3 Replies

Price $115,000
Location 4911 Pine Lake Blvd, Olalla, WA, 98359
Property Details

Unit: 1

  • Current Rent: $1,200
  • Occupied: No
  • Bedrooms: 3
  • Bathrooms: 2.0
  • Square Footage: 1788

Unit: 2

  • Current Rent: $900
  • Occupied: No
  • Bedrooms: 3
  • Bathrooms: 1.0
  • Square Footage: 800

Lot Size: 12600

Come look at the latest property offered by

Fischer Investments West!!!!!!

Call Nicole Fischer

360-602-1171

AMAZING OPPORTUNITY IN OLALLA FOR 115K!!!!

4911 Pine Lake Blvd Olalla, WA

2 bed/2 bath Mobile Home WITH AN ADDITIONAL UNIT!!!

ARV 240-250k

Estimated Repairs: 50-60k

THIS HITS THE 70% RULE!! 

The address for this property is 4911 Pine Lake Blvd in Olalla. There is a 1977 mobile home currently on the property. The mobile is a 1977 double wide mobile home that has 2 beds/2 baths and 1788 sq ft. The property also offers an entirely separate second unit that contains an additional kitchen, bathroom, 3 bedrooms, and a spacious living room. RENT EACH UNIT and make great cash on cash return!!! The lot is flat, has a 2 bedroom septic on it, is connected to power, and is already connected to water. The property has a large backyard in a quiet neighborhood and is close to Gig Harbor North and the freeway!!

There are multiple options with this property! The first option would be to rehab the mobile and sell it. Approximate rehab costs for mobile are 50-60k. ARV 240-250k with multiple sold comps within the last 3 months.

The second option for this property would be to rehab it and rent it! There is a huge opportunity for positive cash flow given the multiple dwellings as well as the awesome location!!

Kitsap County info:

Tax Assessed: https://psearch.kitsapgov.com/pdetails/Details.aspx?parcel=4852-001-007-0002&page=valuetaxhistory

Land Info:

https://psearch.kitsapgov.com/pdetails/Details.aspx?parcel=4852-001-007-0002&page=landlocation

ARV Comps:

14454 Wiley Lane SE

1999 mobile home 3/2 1782 sq ft

Sold 242,500 12/13/18

https://www.redfin.com/WA/Olalla/14454-Wiley-Ln-SE-98359/home/2443285

15180 Rosemary Loop RD SE

1985 mobile home 3/2 1809 sq ft

Sold 232k 12/20/18

https://www.redfin.com/WA/Olalla/15180-Rosemary-Loop-Rd-SE-98359/home/2444413

5234 SE Pine Lake BLVD SE

1988 mobile home 2/2 1538 sq ft

Sold 245k 11/5/18

https://www.redfin.com/WA/Olalla/5234-SE-Pine-Lake-Blvd-98359/home/12332472

Comps for New Construction in the same neighborhood:

https://www.zillow.com/homes/for_sale/Olalla-WA/pmf,pf_pt/242749849_zpid/33229_rid/globalrelevanceex_sort/47.475679,-122.492495,47.396373,-122.66244_rect/12_zm/

For sale 599k

https://www.zillow.com/homes/for_sale/Olalla-WA/pmf,pf_pt/242749848_zpid/33229_rid/globalrelevanceex_sort/47.475679,-122.492495,47.396373,-122.66244_rect/12_zm/

For sale 599k

PRICE: 115K!!!!!

CASH BUYERS ONLY!!!

CALL NICOLE FISCHER FOR MORE INFO!!!

FISCHER INVESTMENTS WEST

360-602-1171

[email protected]

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