Fixer Upper/Needs Work with Large Upside after Repair:LTV 49%

3917 Key Peninsula Hwy SW, Longbranch, WA 98351

$800,000 After Repair Value -
$235,000 Asking Price -
$125,000 Cost of Repairs =
$440,000 Potential Profit

Property Details

Asking Price $235,000

After Repair Value $800,000

Costs of Repairs $125,000

Potential Profit $440,000

Living Area 3100 ft2

Property Type Single Family House

Bedrooms 3

Bathrooms 1

Half Bathrooms N/A

Parking 0

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $59,000

Yearly Expenses $17,000

Property Taxes $0

Net Operating Income N/A

Cap Rate N/A

Property Description

Reach me via Single Family on large parcel, country living Not too far to commute to work Value is in the Land: Comparables average $320/sf , 30 min outside of Tacoma, Wa 3bd/1.5ba/3100sf/5.3ac parcelCode Violation propertyin need of major repairs (~$253/sf )LTV: 45% Sold As is where isCash Offers only, all offers welcome.

Repairs Needed

Needs new roof, new kitchen, new baths, hvac, install of electricals, including pump to well, needs subfloor on 2nd level,plus hardwd floors, interior & exterior paint, some drywall repair, outside deck would help if used as Short Term Rental,


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