Seattle Investors Club Investment Deal brought to you by Jacob Weaver of Blink Equity Group
Walkthrough scheduled for the morning of 6/19/15 BY APPOINTMENT ONLY. Please call Jacob at 206-981-3888 to schedule viewing.
Real Estate Details:
Address:
2615 NE 75th St
Seattle, 98115
Beds: 5
Baths: 3
Sq/Ft: 2,050 – 2 Story
Price: $537,500
Estimated Rehab Cost: $75,000
Estimated After Rehab Value: $830,000
COMPS:
PHOTOS: Click here
Deal Summary:
Closing is scheduled for July 17, 2015. Lower unit tenant’s lease will transfer to buyer. Lease ends Aug 31, 2015. All upstairs work can be completed without disturbing lower level tenant.
Improvements Needed: $75,000
1. Kitchen remodel. Remove wall between kitchen and living room to enlarge the kitchen and open the space.
2.Replace vinyl siding with wood siding and paint exterior.
3. Replace/update upstairs and main floor bathrooms.
4. Basement is currently MIL unit. Tear out lower level kitchen and enlarge window in bedroom to meet egress requirements.
4. Light landscaping.
5. Light masonry work. Patch brick/concrete retaining walls.
6. Strip and repaint front stairs and decking.
7. Clean walls and hardwood floors.
8. Carport was converted into storage units. Possible installation of garage doors.
Additional info:
– Earnest money: $2000
– Closing: 7/17/2015
For Showings:
– Walkthrough scheduled for the morning of 6/19/15 BY APPOINTMENT ONLY. Please call Jacob at 206-981-3888 to schedule viewing.
DISCLAIMER: Buyers may not rely on this information and must do their own review of all the numbers and information in regards to this property.
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