18200 73rd Avenue Northeast, Kenmore, Washington 98028, USA

A Great Investment Opportunity in Kenmore, WA

Property Details

A classic condominium featuring 1 bedroom, 1 bathroom, and 603 sqft of living space on a 217,011 sqft lot with car park parking.

• Roof: HOA responsibility

• Furnace: Fair

• AC: Fair

• Plumbing: Fair

• Electrical Panel: Old

• Water Heater: Old

The property will be delivered vacant at closing.

Investment Highlights

• Full cosmetic gut renovation planned - $42,800 SOW includes complete LVP flooring, interior repaint, kitchen gut/rebuild, bathroom refresh, and updated electrical/plumbing/HVAC

• A-rated Northshore School District - one of the top-rated districts in the area

• Strong comparable sales - Recent comps in the same Johnson Court complex sold between $300k-$315k, with the highest comp selling in just 6 days for $315k

• HOA maintains all exterior, roof, and common areas - reducing long-term maintenance responsibilities

• Prime Seattle suburb location - Proximity to Lake Washington, SR-522, and I-405 with no rental cap restrictions

• Attractive wholesale pricing at $199,900 - Positioned for quick sale in an established community with solid rental fundamentals (estimated $1,800/month rent potential)

• Consistent market appreciation - Redfin estimates 2.6% year-over-year appreciation in this ZIP code

• Low flood risk area with normal street access

Financial Summary

• ARV (After Repair Value): $295,000 - $305,000

A Wonderful Wholesale Opportunity!