Great deal in Newark, NJ with lots of potential! House features a 2 car driveway, 2 bedrooms on first floor with 1 full bath. Attic has been finished with 2 more bedrooms and another full bath. Bonus finished basement with potential independent entrance has laundry room, kitchen, 2 rooms and 1 half bathroom. Water lines have been replaced with newer PVC lines. Has newer water heater, newer gas furnace, newer radiator heaters and newer windows (note 7 windows need to be replaced). House will still need some updating but nothing major. Only needs about 15k to get rent ready. House can easily rent between $1,400 – $1,500 NOT including the basement.
Gross income $16,800
Taxes $4,050
Insurance $700
5% Vacancy $840
Net Income $11,210
ROI 20.38%
CALL OR TEXT JOHN JARAMILLO
FOR MORE INFO AT
908-759-3161
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 John at 908-759-3161. 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.