Flip Opportunity In Tacoma/ Edgewood
This is a unique property. It has a recording studio along with a VERY large separate living space from the main building. The assessor's office and Zillow like websites do not reflect the value accurately as some believe the property only has one bed, one bath and 820 sqft. The entire livable square is much larger! Tons of potential on this one. Don't forget about the great recording studio too!
The property is occupied. Do NOT visit the property without an appointment. Do not disturb the occupants.
PROPERTY INFORMATION
- Address: 3909 Freeman Rd E, Edgewood, WA 98371
- Bedrooms: 3
- Bathrooms: 2
- Square Feet: 2,340
- Year Built: 1936/ remodeled 1960
- Stories: 2
PICTURES
Link: https://drive.google.com/open?id=158ExXaz8EfDGWpbvQBFPvoTVrbnh3Xbc
COMPARABLES
- 2710 12th St NW, Puyallup, WA
- 3 bed 2 bath 1,296 sqft
- Sold $281,000 6/2017
- 8616 29th St Ct E, Edgewood, WA
- 3 bed 2 bath 1,784 sqft
- Sold $359,719 11/2017
- 2706 103rd Avenue Ct E, Edgewood, WA 98372
- 3 bed 1.75 bath 1,922 sqft
- Sold $339,200 2/2018
- 2402 8th Ave, Milton, WA
- 3 bed 1 bath 1,500 sqft
- Sold $325,000 12/2017
- 1110 Xaiver St, Milton, WA
- 5 bed 2 bath 1,480 sqft
- Sold 304,219 10/2017
After Repaired Value
$315,000
REHAB ESTIMATE
(Buyer to complete their own due diligence)
$36,547- $48,887
ACQUISITION PRICE
$207,500 (not including assignment fee)
RENTAL POTENTIAL
$1850- $2600/month depending on use of property
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Disclaimer: This company makes no warranty or representation about the content of this post. It is your responsibility to independently confirm the accuracy and competencies. Any projections, opinions, or assumptions used are for example only and do not represent the current or future performance of this property.