East Tacoma Craftsman

Tacoma, WA
Tacoma Washington real estate home exterior

*Not actual property photo. Used to show design intent.

Available Equity

$155,000

Remaining Equity

FUNDED

Purchased to Value

34%

Projected Return

30%

Tacoma Washington real estate home exterior 2

*Not actual property photo. Used to show design intent.

Tacoma Washington real estate home kitchen interior

*Not actual property photo. Used to show design intent.

Property Summary

Subject property is a 1 bedroom, 1 bath home in Tacoma, WA on 0.3 acres (13,202 sqft). The existing home condition is uninhabitable, with the primary value in the land. The property also features a detached garage, and is partially fenced. Smaller homes in the area ranging from 700-1,100 sqft have been selling between $177-264 per sqft, with an average of $220. Homes from 1,200-1,750 are selling between $126-193 per sqft.

Transformation

Area homes range from the 800-2,400 sqft range, with 2-4 bedrooms, and 1-2.5 baths, and 3,500-7,000 sqft lot sizes. Most properties do not have garages, however, when present, they are typically detached. The home will undergo demolition encompassing a short plat and two new homes ranging from 2,100-2,300 sqft each, with attached two car garages.

Demolition, survey, short-plat, and permitting will commence immediatly, and permits will  be issued in tandem with platting changes.  The primary home will be permit ready at  time of recorded plat, and secondary home will be submitted thereafter.

Reserve your equity!

6 + 12 =

Property Facts

Bedrooms: 3
Bathrooms: 2
Home SF: 2,200
Lot SF: 13,202

At a Glance

Acquisition:

$80,000.00

Improvements:

$315,000.00

Sale:

$780,000.00

Projected Net Profit:

$78,804.00

Total Preferred Equity Investment:

$155,000.00

Preferred Equity Projected Net Profit:

$50,000.00 (25% return on cash)

Minimum Preferred Equity Investment:

$25,000.00 (25% return on cash)

Projected Profit @ Minimum:

$6,250.00

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