My POTENTIAL First Deal - Questions
I found this deal on Craiglist. What do you guys think?
Its a couple hours south drive of where I live but most multifamily properties near me (whatcom county, WA) don't come close to the 2% rule (or even 1% for that matter)....
It is a duplex. Has two 3 bedroom units. Owner says he is getting $1850/month in total rent... no leases in place but supposedly have been long-term tenants
Asking 138K ... Hopefully could get 20-25K off that=)
2033 S 8th St , Tacoma, WA 98405
Only downside I really see is the crime rate is pretty high in the area... Any locals near there that know the area better?
Link to Craigslist ad: http://seattle.craigslist.org/tac/reo/4503191674.html
Link to Trulia: http://www.trulia.com/property/3014962677-2033-S-8th-St-Tacoma-WA-98405#photo-1
Google Street View: https://www.google.com/maps/@47.253688,-122.464867,3a,37.5y,329.12h,90.93t/data=!3m4!1e1!3m2!1ssm4ArYjocV2jeuwnRwGAXQ!2e0!6m1!1e1