🏚️ INCREDIBLE FLIP OR HOLD OPPORTUNITY IN Olympia WA! 🔄🤝

This 4-bed, 1.5-bath property in Yelm/Olympia WA 98513  sits on a nice .31-acre lot. This home has been well maintained over the years and has been lightly updated in the kitchen. The property is in turnkey condition and could be used as a great rental with minimal updates. The property can also be updated to your liking and give a newer appeal and create a greater value for the home. Note: There are no noted foundation issues, HVAC and roof are both in good shape. With ongoing development in the area, this is an opportunity you don’t want to miss!

NO HOA!

After Repair Value (ARV): $410,000 💰

Recent Comps (Sold in the past 6 months within 1 mile):

🏠17039 Heather Ln SE, Yelm WA – Sold for $420k (Fully Rehabbed and is Most comparable by size and layout. Same lot size)

🏠 8646 SE Sequoia Ct, Yelm WA – Sold for $413k (Full Rehab and is comparable by size.)

🏠 8538 McNiece Loop SE, Yelm WA– Sold for $396k (Updated, one less bedroom, and close to same year build)

Fix and Flip Potential: 🛠️ With a rehab investment of $50K (using quality materials), you can bring this property up to the level of the comp that sold at 410k. Recommended improvements include:

• New fixtures
• Kitchen and bathroom updates
• Flooring (optional)
• Interior/exterior paint
• Exterior Updates
• Cabinetary
• Tile Work
• Minimal Landscaping
• Finished Basement
  
  If you wanted to reach the 390k Value, an investment of 25k or less would achieve that standard. Some recommended improvements are:
• Interior Paint
• Bathroom Update
• Kitchen Update
• Hardware and Fixture Updates
• Updated Flooring
• Exterior Clean Up

The average rents in this area for a 2 bedroom home go for approximately 2300-2500 / month

Closing Date: 12/31/2024 or sooner
This property is currently vacant. To schedule a tour, please contact us directly.

This deal won’t last long! Submit inquiries to discuss further.

YOU CAN ALSO CONTACT ME AT 678-787-9323

Buyer is responsible for all closing costs.
Sight-unseen offers are welcome, but property tours must be arranged through us.

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with a memorandum has been signed with the seller, giving this company exclusive rights to purchase the property. We do NOT represent the owner, nor are we brokers. Any attempt to contact the owner without our consent will result in legal action.