Bremerton, WA
Contract for Sale
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5560 Pine Road NE, Bremerton, WA 98311
After Repaired Value (ARV) | $400,000.00 |
Purchase Price | $227,000.00 |
Estimated Repairs | $80,000.00 |
PROPERTY DESCRIPTION:
1686 sf finished 3 bed/2 bath 2 story home plus daylight basement. Â (Daylight basement has separate entrance.)
1222 sf unfinished basement
2700 total sf in main house
.66 acres plus green belt
Next to school
Large 30 x 40 foot detached 2 car garage. Â (1200 square foot)
900 square foot room above garage (Could be converted to an apartment or recreation / craft room / daycare facility) plus tons of storage
9 foot ceilings downstairs.
Square Footage subject to verification.
Large yard, mostly fenced.
PROPOSED REHAB:
New flooring, replace with either hardwood, tile, or higher end laminate
Paint / Stain house and garage (cedar siding)
Finish daylight basement could be turned into an awesome master suite or apartment for additional income.
New doors
New windows
Sheetrock in some places
Remove front entry closet to open up front room (believed to be non-load bearing)
Remodel kitchen, replace appliances (higher quality and/or stainless steel appliances)
Granite countertops in kitchen
Remodel bathrooms, complete updates
Yard clean up
Clean roofs / gutters
This house has great bones, with potential for two different income property sources (unfinished basement in main house, and area above garage.)
Currently in livable condition if someone wanted to simply purchase for a rental property or to live in a fix up over time. With $80-100K in rehab, the property could sell for over $425K.
Comps based on current finished square footage, not including basement and loft area above garage.