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Updated over 11 years ago,
The only rental in the BP marketplace for Tacoma, WA
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