Wanted: Investor Looking For a Steal

What: Investment Property
How much (asking): $293,000 below current tax assessed value (56% below tax value)
Where: Twin Cities
When: Deadline for offers is 2 p.m. Monday

Who says that there aren’t multiple offers any more?

A bank-owned 4-Plex hit the market this morning for a whopping $293,000 below its current tax assessed value. Even in a depressed market, that kind of discount stands out.

The listing agent has already received offers, and has indicated that they’ll be reviewed this Monday at 2 p.m. The instructions are “highest and best” — realtor-code for, this is a game of one-card stud. In other words, you won’t get a chance to top any higher offers.

Interested? Call me at 612-710-3282 to set up a showing this weekend.

At least on paper, this is as good a deal as I’ve seen . . .

Next: How to tell if there really are multiple offers.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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