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Location: Wallingford, Seattle, Washington

Description

www.CheapNWProperty.com

Zillow's Estimate at $403,500:
http://www.zillow.com/homedetails/3530-Densmore-Ave-N-Seattle-WA-98103/48920161_zpid/Bedrooms: 2

Tax Assessed Value: $377k

Total Investor Acquisition: $317,500

Cash or hard money buyers only please, conventional financing not available for this property.

If you need hard money, we can help you, call!

For pictures visit:

www.CheapNWProperty.com

Call today!

(425) 488-7770

Bedrooms: 2
Bathrooms: 1
Finished Square feet: 940
Basement Sq. Ft: 800
Lot SF: 3420
Year built: 1906


House has good bones, but is in one of the hottest neighborhoods in Seattle.

Needs some cosmetic work if buyer wants to get "rent-ready" for less than $5k.
--Rent Ready Needs: Interior painting and stairway railing. Add dishwasher.
--Rent would be anywhere from $1800-$2300 a month (and up)

For fix n' flip or rehab: $55k
-Change Roof Pitch
-Front door placement
-Add bathroom
-Finish Basement
-Paint
-Refinish wood floors
-Update kitchen
-Interior/Exterior Paint

Estimated ARV is about $$475k-$525k (and up)

If you added a story, or more money, you'd get a return on your dollar.

Additional upsides to this property:
--View of Spaceneedle from home.
--View of Queen Anne and Bridge from home.
--Quiet Street
--3 blocks from Gasworks Park
--Walkable
--Surrounded by $600k+ homes, many over $1M.
--Adding a second story would provide for potential view of all of Lake Union, and Seattle's downtown skyline (see view from street)

Comps Used: All 2 bed, 1 bath homes in Wallingford Neighborhood

1618 N 48th St, Seattle (Active $439,950)
- Unfinished basement, no garage, no off street parking, north of 45th

3636 Densmore Ave N, Seattle (Pending $449,000)
- No garage, short sale, pending bank approval

4226 Interlake Ave N, Seattle (Pending $350,000)
- Bank Owned--Completely stripped of drywall, appliances and cabinets, gutted

1511 N 41st St, Seattle (Sold $509,950)
-Some updates done. Unfinished basement, no garage

1620 N 50th St, Seattle (Sold $464,950)
- ON major thoroughfare, very loud street.

4673 1st Ave NE, Seattle (Sold $395,000)
- Unfinished basement, no garage, very loud cross street, across the street from convenient store.

107 NE 44th St., Seattle (Sold $355,000)
- Major fixer or tear-down

4607 Sunnyside Ave N, Seattle (Sold $355,000)
- No Off Street Parking, no garage, needs major rehabbing.

CALL TODAY!

(425) 488-7770

Bee Real Estate Solutions, LLC
"Creating WIN-WIN Solutions"

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