Asking $39,995
Est. Repair $40,000 *
Est. Repaired Value $115,000 **
Potential Gross Profit >>> $35,000 <<<
Great opportunity to own a semi detached Row home in Audubon, NJ in good school system. House is located right of the White Horse Pike and close to public transportation that goes into Philadelphia. House will need about $40k worth of updating in order to flip. Can also be rented with about $25k worth of work. Property taxes are only $4,194 and can rent for about $1,250 – $1,350.
Gross Income $15,000
Taxes $4,194
Insurance $800
5% Vacancy $720
Net Income $9,286
ROI 14.28% (including $25k worth of rehab)
Comps:
101 Spruce St Unit 1 Sold for $114,900 on 07/26/16 (Only 2 bedroom)
17 East Taylor Ave Sold for $119,900 on 09/21/16
101 S. Logan Ave Sold for $125,000 on 06/24/16
151 Oakland Ave Sold for $127,500 on 09/12/16
15 Dowling Ave Sold for $130,000 on 06/24/16
112 Oak St Sold for $135,000 on 12/06/16
CALL OR TEXT JOHN JARAMILLO FOR MORE INFO AT 732-630-2627
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold “as is”, any and all inspections and certifications, including Certificate of Occupancy will be Buyer’s responsibility. Free and clear title, quick closing offered.
TO MAKE AN OFFER CALL Kristina at 732-630-2627. All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes. The buyer is responsible at their sole cost and expense to obtain all required permits, approvals, and certificates, including but not limited to the certificate of occupancy and smoke detector certification.
*Estimate repairs are only an estimate, all buyers are encouraged to visit the property with contractor and gather an estimate.
**After Repair Value is an estimate of what the property can be resold after repairs have been completed. All buyers should perform their own due-diligence.