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ActiveOwner Occupied

Fremont-Area Seattle Flip — $930K / $1.45M ARV, Finish to 4 Bed, Comps Included

1211 N 50th St, Seattle, WA, 98103
Deal Overview

Asking Price

$930,000

After Repair Value

$1,450,000

Rehab Cost

$130,000

Potential Profit

$390,000

Property Details

Bedrooms

4

Bathrooms

2.5

Sq Ft

2,290

Year Built

1916

Property Type

Single Family

Condition

Fair

Lot Size

4,000 Square Feet

Distress Indicators
Deferred Maintenance
Description

Fix-and-flip opportunity just north of Fremont in one of Seattle's most desirable submarkets. Priced at $930,000 against a $1,450,000 ARV, with a clear, defined value-add path and full supporting comps and pro forma available. The play: remodel the existing home and finish the basement to deliver a 4 bed / 2.5 bath, 2,290 sqft finished product with a detached single-car garage on a 4,000 sqft lot. Classic 1916 Seattle home in a walkable, high-demand location, exactly the profile that resells well in this market. The numbers are documented, not guessed. Acquisition $990,000, repairs estimated at $130,000, ARV $1,450,000, modeled on a 180-day hold. The included pro forma shows roughly $195K return on project (~17.4% ROP, ~35% annualized), and the comp sheet lists five nearby sold comparables from $1,450,000 to $1,675,000 supporting the ARV. Buyer to independently verify ARV, comps, repair scope, square footage, and all figures before proceeding.

Supporting Documents2

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Property Info
OccupancyOwner Occupied
AccessAppointment Only
Showing Instructions

Do not disturb owner.

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