Flip report generated Nov 29, 2024
The Flip Potential of
1919 S Sprague Ave Tacoma, WA
is high.
Current Specs
Multi-Family
1 Units
2 Bed / 2 Bath
1,796 sqft
$1 per sqft
Estimated Value$2,450
Flip Advice
This property at 1919 S Sprague Ave in Central Tacoma has a decent size of 1,796 sqft with 2 bedrooms and 2 baths, but it is currently listed for rent at $2,450. The neighborhood is desirable, with a median sold price around $540K. Nonetheless, the property appears to be in good condition, which limits the potential for significant flipping profit.
If you're considering selling, focus on minor cosmetic updates to enhance appeal, like fresh paint or landscaping. Major renovations may not yield a high return given its good condition and recent upgrades. Keep an eye on market trends, as the demand in Tacoma remains strong. Overall, it's a solid rental investment, but flipping it might not be the best strategy right now.
What's Next?
Generate another report to compare more investment options.
Generate the Rent Potential of this home.
See what you could rent for based on similar properties.
Search for another property
Enter any address...
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.