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.
