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Archived about 5 years ago

$199,000

1 bd 1 ba

12311 NE 147th Ct, Kirkland, WA 98034

Residential Condo Needs Repairs

Current Rent **

$1,600

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Condo in Kirkland WA under $200k

Condo in great location in Kirkland needs some updating but is priced accordingly. Market rent for 1 bed & 1 bath is $1,500 - $1,700 according to rentometer.com. ARV is $275,000 and estimate of repairs is under $20,000.
Is this a deal that'll make you filthy rich? No. Will it make you a few $$$ quick and easy, you bet!
Contact me for comps justifying ARV

MLS# 1339758

Location:

12311 NE 147th Ct, Kirkland, WA 98034

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.