If you're looking for a slight fixer multi-unit building in a great location for under $350,000, here you go! This Queen Anne duplex near Seattle Pacific University (SPU) just came on the market. Each side has 1 bed/1 bath plus its own garage. One side of the duplex is in great shape-refinished hardwood floors, stainless steel appliances, slab granite counters, etc. The other side looks to be in the original 1955 state. It's not in horrible shape, but it does need some updating.

The thing that excites me about this house is how the numbers work out. If you are buying this to live in it, and you get an FHA 30 year fixed loan at 5% (which is an estimate, but that's about what rates are right now), with only 3.5% down payment ($11,434.50), your principle and interest payment would be $1753.80. Market rents indicate that you could get around $850/month in rent for the nice unit. Subtract $850 from $1753.80, and your monthly payment would be $903.50! That's almost as much as the rent, and you own the place! How cool is that!

If you have any interest in checking this place out in person, if you have any questions, or if you already know that you want to make an offer, contact me - call or text me at 206.949.3048, and email me Christian@DealsInSeattle.com.