$280,000 Instant Equity - 8 Plex Apt Building in Federal Way, Wa

[Jeff Carter]

This purchase consists of an 8 plex apt building in Federal Way, Wa. The unit mix consists of (7) 1 bed/bath & (1) 2 bed/bath. Units are under contract $115k per...market value is $150-160k.  There is a possibility of $280,000 instant equity.

This is in a quiet and mature Class C neighborhood. Building needs basic cosmetics.

Rents are currently under market with the potential to be raised 30% to 40%.