Great Buy and Hold Opportunity in NE Tacoma
**Assignment of Contract Transaction**
*Cash or Hard Money Only*
Shown By Appointment Only
This is located in the NE Tacoma area (very close to Federal Way But in Pierce County). The home is structurally sound, the roof is very new, the windows are vinyl, the hot water tank is newer. The siding just needs paint. This is an estate sale and I have the contract with the PR. The inside is a bit rough but will not take much to fix up.
There are many exit strategies for this one. Do minimal cleanup and use as a rental (rents are high for the area), Do minimal fix-up and sell for $365K add square footage and get much more, the neighborhood will allow for that. The property is currently assessed for $298,200. The tax records say it is 1 1/2 baths – wrong- it is 2 baths
It is 4 bedrooms, 2 baths, 1216 sq ft (per tax records, but seems like more), the attached garage is large (528 sq ft) and very tall, there is a fireplace, the backyard is fenced.
The address is 3612 55th Ave NE, Tacoma, Wa 98422
NUMBERS:
ARV: $365K+
AVG RENT: $1,800+
Price: $305,950 plus sellers closing costs