Project Description

$582,914 Seattle Rehab Loan on 33rd Ave

A huge opportunity for Seattle real estate investors, this house sits within walking distance to the Ballard Locks and Kiwanis and Commodore Parks. The house has 2 bedrooms, a privacy deck with a master 5 piece suite, full bathroom, kitchen with stainless steel appliances with double oven and quartz counters. The opportunity is huge not just because of the size of the house, but also because passive income can be generated by renting out the basement portion of the house. The basement includes a separate entry, patio, kitchenette hookups for appliances, a 1 car garage, and a dead end street. This property was a fully permitted remodel and has a brand new roof!

Loan Amount:

$582,914

Date Closed: September 2019

After Repair Value:

~$1,175,900

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