I checked out this home on a hot summer day, the home was musty, carpets dirty, and the heat only exemplified the smell of the urine in the home. From the condition of the home you can tell the previous owners did not leave on good terms with the bank. Look past the cosmetic imperfections and have alittle vision you are sitting on one heck of a deal.
The home is listed at $287K and it wouldn’t be unrealistic to get the home for around $270K. It has almost been on the market for 3 months and dropping in price every 2 weeks. Re-carpet the house, fresh coat of paint, minor cosmetic touch-ups all this can be down for under $15K. A four bedroom townhouse in the Issaquah Highlands for $285K is a great investment
[...] the worst smelling home could make the best investment, which is the case with this Washington homes for sale. Hua gives the example of what he has dubbed the urine house. The four bedroom home in Issaquah was [...]
This is a great deal. If I could see some condo units the same as offer as yours, I will grab it and resell it. This is really good inverstments.
@chloe – thanks for the comment. There are definitely homes similar to these in Seattle and the surrounding areas. Do you have an idea of the type of home and rental income you’re looking for? For each of my clients I create alerts so I’m notified daily of homes that might fit their criteria.
If you search carefully and make sure the investments pencil, you’ll find jewels in this market.