King County, Seattle, WA 98116
3 bd1 ba1,320 sfBuilt 1912
Gross spread$745,000
Description
BUILDERS • DEVELOPERS • INVESTORS An approximately 5,750 SF lot with an existing home, a separate-entry downstairs MIL, and a proposed backyard cottage opportunity. The strategy: retain the house and MIL, build and sell one detached cottage, then refinance the retained property for long-term rental ownership. PROPERTY & PROJECT HIGHLIGHTS • Upstairs: 2 bedrooms and 1 full bathroom• Downstairs MIL: 1 bedroom, ¾ bathroom, compact kitchen/living/dining area, and separate entrance• Proposed cottage: Approximately 1,000 heated SF, 3 bedrooms, two stories, and a one-car garage• Access: Rear alley• House cleanup allowance: $10,000-20,000• Project materials, photos, and preliminary underwriting available FINANCIAL OVERVIEW Preliminary underwriting assumptions $700,000 — Projected DADU sale$675,000 — Assumed retained-house value after separation The cottage-sale proceeds after refinancing can recover your cash investment (before income taxes), while you retain the House with MIL. RENTAL OVERVIEW • Upstairs estimated rent: $2,000-$2,400/month• Downstairs estimated rent: $1,300-1,500/month EXPLORE THE PROPERTY View Project Documents View Home Photos & Videos Call or text [contact details hidden] For buyer pricing, property access, and the complete underwriting package.
$/sqft vs market
Median of 27 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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