Real Estate Jake PDX

Final walkthrough of a fixer HUD home in SE Portland
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Offer in one day before cutoff and after back & forth HUD accepted! Priced at 265k, my buyer secured it at 248k, previously appraised at 330k+ W/ an ARV of 415k+
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It’s crucial to let the data speak about numbers. There’s something numbers can’t account for- your neighbors & feel of the hood.. and we met nearly all of them haha so far just delightful.
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What makes this property even more desirable is the lack of traffic as it’s not a through street but still very accessible to surrounding shopping/parks/205/84. Not to mention the bones on this damn place are phenomenal! It’s a moderate to heavy cosmetic fixer which is exactly where big value add opportunities lie without the huge risk/liability inherent in structural/systemic issues.
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All in all, a perfect match for my buyer’s budget/location/repairs/risk/reward. Wouldn’t you want to walk into immediate 80k upside? This doesn’t happen overnight, nor is it a single instance of collaboration.
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