$57,997
481 Madrona Way, Sequim, WA 98382
Current Rent **
$1,400
Projected Rent **
N/A
Estimated Rent †
Estimated Rent Confidence ‡
Low
GREAT INVESTOR OPPORTUNITY!
1680 square foot manufactured home. 2 bedrooms and 2 bathrooms, lot 0.0331.Built on 1977.
The property is vacant. Do NOT visit the property without an appointment. Do not disturb the occupants.
PROPERTY INFORMATION
Address: 481 Madrona Way, Sequim, WA 98382
Bedrooms: 2
Bathrooms: 2
Square Feet: 1,680
Year Built: 1977
Stories: 1
PICTURES
Link: https://drive.google.com/drive/u/1/folders/1MeYDY0mIjXNGZyGHAhgXrFic9CPb-f2p
COMPARABLES
222 Sherwood Rd Sequim, WA 98382
3/2 1848 manu double
$227,000 Sold 8/31/18
Zestimate $236,271
Assessor $197,949
Built 2003
262 Fleming Dr, Sequim, WA 98382
3/2 1,404 manu double
$265,000 Sold 8/31/18
Zestimate $272,998
Assessor $205,628
Built 1993
533 Sunshine Ave, Sequim, WA 98382
3/ 2 1,440 manu double
$210,000 Sold 11/09/18
Zestimate $214,180
Assessor $105,144
Built 1976
282 Rhododendron Dr, Sequim, WA 98382
3/ 2 1,773 manu double
$315,000 Sold $5/10/19
Zestimate $305,944
Assessor $246,902
Built 1998
After Repaired Value
$230,000 - $240,000
REHAB ESTIMATE
$80,000
ACQUISITION PRICE
$57,997
RENTAL POTENTIAL
$1,400
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May we remind you that we have a legally binding purchase contract with a memorandum signed giving us the exclusive right to purchase the property. Do not attempt to contact or renegotiate with the seller. Any attempt to communicate with the owner without our written consent can result in legal against you.
DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/ SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action. (If you need more information on what is an assignment of contract, click here.)
This company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.
Location:
481 Madrona Way, Sequim, WA 98382
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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.
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