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There is one existing home on the property that can be rented for $3,000+ per month. Seller is open to "hold note" on the first mortgage for 2 years. 

Call us at 206-309-9991

or

Email us for Inquiry

Lynnwood’s central location is a major advantage for commuters looking to enter Seattle or the Eastside. Emerging as a highly attractive destination for its favorable tax structure, educated workforce and regional connectivity, with one of the region’s largest concentrations of retailers, Lynnwood is pacing for continued growth. The completion of substantial private developments and significant public infrastructure projects, such as the Lynnwood City Center Station, will further revitalize the area. These advancements will solidify Lynnwood’s status as the premier live-work-play destination in the Northend. This property is less than 2 minutes from Whole Foods, Alderwood Mall, and the new Light Rail Station.  This property already had a pre-approved 2-lot subdivision with Snohomish County from several years ago.  At the beginning of the year, the county said it can now be subdivided to 3 lots over 7,500 sq. ft. 

 

STRATEGIES

Buy and Resell

  • Subdivide into 3 lots
  • Sell 2 lots for $ 350,000 (comparable lots are around $ 450,000)
  • Resell existing house for $ 750,000 with minor improvement *$ 10,000 Repair)
  • $ 750,000 for existing house + $ 700,000 for 2 lots = 1,450,000 - $ 1,050,000
  • PROFIT $ 300,000

Buy and Build

  • Subdivide into 3 lots
  • Rent out existing house for $ 3,300 a month
  • Build 3,000+ sq. ft. home at $ 500,000 each
  • Resale each new home for 1.3 - 1.5 million
  • 1.33 Million x 3 = $ 4,000,000 - $ 2,600,000 (purchase price + subdivision cost + build 3 houses)
  • PROFIT  $ 1,100,000 after $ 300,000 closing costs and commissions

Buy and Hold

  • Buy and rent house for $ 3,300
  • YOU CAN ALWAYS SUBDIVIDE closer to when you want to sell
  • Per lot value will only skyrocket in Lynwood

THIS INVESTMENT IS SURE TO DELIVER

 

NEW CONSTRUCTION HOMES FOR SALE IN AREA

 

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1106 168TH PL SW, LYNWOOD, WA 98037

  • $ 1,324,950
  • 4 Beds
  • 3 Baths
  • 2,646 sq. ft
  • Lot Space: 3,004 sq. ft. lot
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16829 10TH PL W, LYNWOOD, WA 98037

  • $ 1,429,950
  • 5 Beds
  • 3 Baths
  • 2,977 sq. ft
  • Lot Space: 4,011 sq. ft. lot
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1028 169TH PL SW, LYNWOOD, WA 98037

  • $ 1,339,950
  • 5 Beds
  • 3 Baths
  • 2,818 sq. ft
  • Lot Space: 4,001 sq. ft.
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LOT 4 4500B ROSEWOOD ESTATE OF DREAMS 

BRIER, WA 98036

  • $ 2,250,000
  • 6 Beds
  • 4 Baths
  • Lot Space: 4,500 sq. ft.

*** House across the street only sits on 2 lots and on Septic***

FOR THE ADDRESS PLEASE TEXT OR CALL

206-255-9981

3% COMMISSION PAID TO BUYER'S AGENT