Real Estate agent brought me this
The owner is taking offers on an unlisted short sale property. It's a 4 bedroom, 4.5 bath 3767 sq ft on a 7840sq ft lot. It currently has tenants that have been there since 2007 paying $2200/month. Report is that they're model tenants. I don't know about repairs needed. Agent is suggesting offering $220,000. The 3 most recent comps within a half a mile and dated 2/2, 2/8, and 2/12 average $251,333.33. with the two most recent sales being over $250,000. They curently have no offers. Suggestions?
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I would be skeptical... if it is positive cash flow with perfect tenants, why a short sale?