Seattle, WA | Fix and Flip Loan $867,300

by | Dec 11, 2020 | Seattle, WA

Existing Layout:

  • Year Built: 1912
  • Bedrooms: 3
  • Bathrooms: 1
  • House Size: 2,670
  • Lot Size: 3,163
  • Garage: CARPORT ( CAN BE TURNED INTO A 1 CAR GARAGE)

Proposed Layout:

  • Bedrooms: 4
  • Bathrooms: 3 (ADDING MASTER BATH, POWDER ROOM ON MAIN AND ¾ BATH IN BASEMENT)
  • House Size: 2,670

Recommended Renovations:

Exterior:

  • Landscaping cleanup (front/back/side)
  • New windows
  • New roof
  • New Siding

Interior:

  • Interior Paint
  • New doors & millwork
  • New carpet in bedrooms
  • New engineered flooring in living/kitchen/dining/hall
  • New tile flooring in baths
  • Update electrical wiring and fixtures
  • Update plumbing and fixtures
  • Update main floor plan for an open functioning office/flex room with powder room, kitchen, dining, and living room.
  • Update 2nd floor plan to a 3 bed/ 2bath including master suite
    Finish Basement for a 1 bed 1 bath
  • plus living and mudroom/laundry

New Kitchen

  • New cabinetry
  • New countertops
  • New backsplash
  • New appliances
  • New sink/fixtures/hardware
  • Open up to living area adding island

New Bathrooms and add ¾ bathroom to master

  • New vanity
  • New mirror/hardware
  • Tile floor & shower
  • New toilet
  • New Tub/Shower

New gas furnace
New HWT
New exterior doors
Misc. clean up and repairs

  • Craft Room
  • Library
  • Exercise Room
  • Offices
  • Play Room
  • Guest Room
  • Theatre

 

Loan Amount:$867,300
LTARV:61.95%
Loan Term:12 Months
Rehab Cost:$250,000
ARV: $1,400,000
Year Built:1912
Square Feet:2,670
Bedrooms:3
Bathrooms:1

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