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Updated over 11 years ago,

User Stats

21
Posts
0
Votes
Timothy Javins
  • Seattle, WA
0
Votes |
21
Posts

The only rental in the BP marketplace for Tacoma, WA

Timothy Javins
  • Seattle, WA
Posted

Alright, guys, this is my first post in the BP Marketplace. Let the questions and critiques fly! I know that's how y'all work. :)

Real Property:
5711 E M St
Tacoma, WA 98404

I AM GUARANTEEING THE RENT and it has EQUITY (pending official appraisal).

SEE THE ANALYSIS AND COMPS.

It has a positive cash flow and it's $40K cheaper than all the other houses on the block.

This is REO pricing, but it's not REO nor a short sale.

Currently rented. Awaiting signature on new lease agreement.
Tenant pays all utilities, pending new lease.

Simple analysis: https://www.dropbox.com/s/8gnxixwvr3e1192/Rental%20Property%20Analysis%20%285711%20E%20M%20St%2098404%29.pdf

Photos: https://www.dropbox.com/sh/7w8cjzfy0rlfisl/8rlkpTX94O

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ACTIVE
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1014 E 56th St #East 98404 -- RETAIL, 11 days old
VERY SIMILAR to subject prop. (except that this might be a duplex since it's called "unit East")
2/1 with garage
832 sq ft / 5,898 lot
For sale at $109,900

5408 E Portland Ave 98404 -- SHORT SALE, 97 days
2/1 with garage
898 sq. ft. / 7,020 lot
For sale at $95,000

712 E 52nd St 98404 -- RETAIL, 30 days old
2/1 with garage and unfinished basement
892 sq ft / 5,998 lot
For sale at $119,900

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SOLD
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824 E 57th St 98404 -- RETAIL
2/1 with garage
960 sq ft / 6,000 lot
Sold 05/15/2013 for $103,000

5116 McKinley Ave 98404 -- REO
2/1 with garage
888 sq ft / 4,996 lot
Sold 05/29/2013 for $92,750

1031 E 54th St 98404 -- SHORT SALE
2/1 with garage
762 sq ft / 6,000 lot
Sold 02/04/2013 for $85,000

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