Wholesale Cash Flowing

2 SIDE BY SIDE MFG. HOMES THAT CAN BE DEVELOPED INTO 12 UNITS

1501 Lewis St, Centralia, WA 98531

$170,000 After Repair Value -
$130,500 Asking Price -
$0 Cost of Repairs =
$39,500 Potential Profit

Property Details

Asking Price $130,500

After Repair Value $170,000

Costs of Repairs $0

Potential Profit $39,500

Living Area 1360 ft2

Property Type Multi-Family

Bedrooms 4

Bathrooms 3

Half Bathrooms N/A

Parking 1

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $1,220

Yearly Expenses $0

Property Taxes $0

Net Operating Income $0

Cap Rate N/A

Property Description

2 Rental mfg. homes on side by side lots that can be developed in to 10-12 unit apartments or more with a variance. These Mfg. homes are currently rented and professionally managed, they are surrounded on all sides by existing apartments of 16 units or more. the city will allow 10-12 units without a variance, or more units are possible with a variance. one neighbor next door has 16 units on the same size lot. Owner financing is available on this with a very reasonable down payment. The monthly payment is low enough that existing rents on the mfg. home will cover your expenses. you could buy today with plans to develop down the road and the rents will cover expenses. Double Wide Mfg. Home $75,500...................Monthly Principal & Interest Payment = $366.92Single Wide Mfg. Home $55,000.....................Monthly Principal & Interest Payment = $253.61Cal Kevin for more details, 360-269-7359

CONTACT LISTING OWNER

Kevin Romines

Free Member

Get direct access to the seller

Save as Favorite
Write a Note

Ask the Seller

Questions on 1501 Lewis St, Centralia WA

Waiting for the seller to respond your question.

This form is for general questions only. Asking for personal information is not allowed.

Nearby Deals

Some random deals around the area (20)

Hundreds of properties in Washington! Check Deals in Washington

17th St SE

PUYALLUP, WA

3br - 1241ft2 - 3 bedroom home 2.25% FHA loan transferable (Puyallup)

After Repair Value $550,000

- Asking Price $525,000

- Repair Costs $0

4%

Potential Profit

$25,000

26328 12th Dr NW

STANWOOD, WA

Beautiful modern acreage home in Stanwood looking for new owners

After Repair Value $870,000

- Asking Price $850,000

- Repair Costs $0

2%

Potential Profit

$20,000

2300 S Juneau St

SEATTLE, WA

FCFS- Off Market Beacon Hill Lots (Price reduction) | 333k! - ARV 1.3M |10.000sq

After Repair Value $654,000

- Asking Price $166,500

- Repair Costs $0

74%

Potential Profit

$487,500

2308 S Juneau St

SEATTLE, WA

FCFS- Off Market Beacon Hill Lots (Price reduction) | 333k! - ARV 1.3M | 10.000sqft

After Repair Value $1,310,000

- Asking Price $333,000

- Repair Costs $0

74%

Potential Profit

$977,000

2121 Westlake Ave N 301

SEATTLE, WA

RENT TO OWN - 2121 Westlake Ave N unit 301, Seattle, WA 98109, USA

After Repair Value $999,900

- Asking Price $999,900

- Repair Costs $0

0%

Potential Profit

$0

514 E. 78th St Tacoma

TACOMA, WA

Private Sale $$$$

After Repair Value $427,000

- Asking Price $220,000

- Repair Costs $35,000

43%

Potential Profit

$172,000

54 Bremmer St

RICHLAND, WA

RENT TO OWN - 54 Bremmer Street, Richland, WA, USA

After Repair Value $523,000

- Asking Price $523,000

- Repair Costs $0

0%

Potential Profit

$0

604 Linda Ct

RICHLAND, WA

RENT TO OWN - 604 Linda Ct, Richland, WA 99352, USA

After Repair Value $540,000

- Asking Price $540,000

- Repair Costs $0

0%

Potential Profit

$0

1104 N Ella Rd

SPOKANE VALLEY, WA

4 Bedroom 2 Bath Ranch Remodeled like new instant equity Spokane Valley Wa

After Repair Value $440,500

- Asking Price $419,900

- Repair Costs $0

4%

Potential Profit

$20,600

19929 SE 128th Way

ISSAQUAH, WA

RENT TO OWN - 19929 SE 128th Way, Issaquah, WA 98027, USA

After Repair Value $1,020,000

- Asking Price $1,020,000

- Repair Costs $0

0%

Potential Profit

$0

10601 SE 252nd St

KENT, WA

Adorable 1 bed 1.5 bath Townhome-style Condo!

After Repair Value $270,000

- Asking Price $260,000

- Repair Costs $0

3%

Potential Profit

$10,000

2705 Otis St SE

OLYMPIA, WA

Diamond in the Rough

After Repair Value $530,000

- Asking Price $310,000

- Repair Costs $130,000

22%

Potential Profit

$90,000

1401 Blackberry Ln

OAK HARBOR, WA

10 Acres on Whidbey Island

After Repair Value $350,000

- Asking Price $324,000

- Repair Costs $0

7%

Potential Profit

$26,000

6320 34th Ave SW

SEATTLE, WA

Beautifully Crafted West Seattle Brick Tudor

After Repair Value $649,500

- Asking Price $649,500

- Repair Costs $0

0%

Potential Profit

$0

8129 4th Ave SW

SEATTLE, WA

Modern House With Beautiful Surroundings

After Repair Value $848,500

- Asking Price $848,500

- Repair Costs $0

0%

Potential Profit

$0

672 W Emerson St

SEATTLE, WA

Recently built in 2017 by Shilshole Development

After Repair Value $995,000

- Asking Price $995,000

- Repair Costs $0

0%

Potential Profit

$0

6327 34th Ave SW

SEATTLE, WA

Large Open living/dining rooms w/coved ceilings

After Repair Value $775,000

- Asking Price $775,000

- Repair Costs $0

0%

Potential Profit

$0

8420 25th Ave SW a

SEATTLE, WA

Light and bright unit in Longfellow Run. Phenomenal commuter location!

After Repair Value $305,000

- Asking Price $305,000

- Repair Costs $0

0%

Potential Profit

$0

4514 13th Ave S

SEATTLE, WA

Classic Mid-Century in the heart of Beacon Hill!

After Repair Value $825,000

- Asking Price $825,000

- Repair Costs $0

0%

Potential Profit

$0

450 South Main St 215

SEATTLE, WA

Amazing Property to buy !!!

After Repair Value $689,950

- Asking Price $689,950

- Repair Costs $0

0%

Potential Profit

$0