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Updated over 11 years ago on . Most recent reply

User Stats

229
Posts
15
Votes
Jensen Jeune
  • Investor
  • Everett, MA
15
Votes |
229
Posts

Locating Seller

Jensen Jeune
  • Investor
  • Everett, MA
Posted

I located a vacant property (4,482 sqft Multi-Family) in the Massachusetts area this afternoon and contacted the tax assessor and confirmed the following details:

Tax Title:
$16,116.71 - $6.69 per diem/daily
$4,029.24 - additional tax

I will be retrieving the current tax that is due for fiscal year 2014 as noted by the office but I believe it is $6000.00+

My inquiry is whether or not this could be a greate opportunity to further investigate? I was able to locate the latest owners name and located a disconnected phone number for the owener in the yellow pages with no success of direct contact.

The comparables in the same location are listed as the following:

$380,000 3/08/13 6 3 2,988 Sq. ft
$464,000 6/03/13 5 2 2,714 Sq. ft
$289,900 10/30/12 3 2½ 2,362 Sq. ft
$340,000 5/21/13 4 2 2,272 Sq. ft

What type of situation could best fit the criteria provided as the note to the proeprty is currently unknown. Would a subject to with buyer financing work best or a complete wholesale opportunity as the ROI would benefit any investor.

Please advise.

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