Witte’s End is a verdant and vibrant residential property located in West Seattle, Washington. The name is a cheeky reference to my crazy life as a single mother of two very intelligent, creative, not-so-little-anymore boys. The home itself is situated on an ideal terraced corner lot and enjoys sweeping western views of Puget Sound, the Olympic mountains, and stunning sunsets. The thoughtfully designed and lovingly maintained landscape and classic architectural details form an enchanting environment that my young sons and I have called home for the last seven years.
I am seeking an immediate co-investor with access to other financing to secure the purchase. The SSI survivor benefit payments that my children and I receive monthly guarantee my ability to make timely payments until the boys are out of high school, and the home also features additional income potential in the form of short-term rentals. Currently, we have a large guest room with its own fireplace, a queen bed, and additional queen futon, so the room can easily sleep up to four comfortably. It currently rents for $700/month or $65/night. We also have the space, architectural designs and recycled materials to construct a beautiful shed/tiny house with Olympic mountain views from the loft for additional income potential. There is additionally a 500 square foot detached garage which I plan to turn into a photo and music studio (because teenage boys are in my near future and soundproofing and a creative outlet will be good for all of us) with a sleeping loft and rooftop deck (the views from the roof are panoramic and spectacular) for further increased income potential, ideally to be completed by end of summer 2017. Because of all the work I do within the local creative community, I have access to an abundance of recycled materials and volunteer labor, and many skilled friends willing to do high-end custom work at little or no cost. While renting this property, I feel I have made tremendous improvements while working within the constraints of tenancy, and once those constraints are removed, I will finally be free to make the beautiful and necessary improvements I have planned for years, which will in turn make the home much more valuable - our own delightful mini bed-and-breakfast and creative wonderland!
Rental income on top of our guaranteed monthly stipend ensures our ability to make timely loan payments, and the purchase price combined with planned improvements means instant equity to further secure the investment. I have many years of professional experience in real estate and property management, and am fully capable and qualified to manage and maintain this property successfully. I wish to partner with an investor to finance a loan for a fair interest rate and equity share to be negotiated. For more details about my financials, please see the investment details page in this section, or contact me directly. You can also read some lovely testimonials about me here.
I have also included information about the property specifics, as well as a list of the planned improvements to take place after closing. If you're curious to behold the transformation of the space over the years, you can see some fun before and after photos here.
The current market conditions in Seattle are pretty crazy these days, and don't seem to be slowing down any time soon. This is a once-in-a-lifetime opportunity to secure our home before we are priced out of this area entirely. If you're interested in working with me, please don't hesitate to get in touch right away.