14 7th Ave Cherry Hill, NJ 08003 Sold

  • $99,995
  • 4 beds
  • 2 baths
  • 1,673 sqft

Asking $99,995

Est. Repair $50,000 *

Est. Repaired Value $220,000 **

Potential Gross Profit >>>>$70,000<<<<

Great house with huge potential locate in desirable area of Cherry Hill.  House features 4 bed 2 Bath and a big open layout.  Home has public water and sewer, can either be flipped for a nice profit or rent it for passive return.  Taxes per year are $7,600, with approximately $30k worth of work home can rent for about $1,900 – $2,000 per month

Gross Income – $22,800
Taxes – $7,600
Insurance – $1,000
5% Vacancy – $1,140
Net Income – 13,060

ROI – 10.04% (Return on Investment includes acquisition + $30k in rehab)

COMPS:
225 Dobson Ln Sold for $200k on 07/14/17 (4bed 1.5baths 1,649 sqft)
111 Carolina Ave Sold for $210k on 08/01/17 (4bed 2baths 1,728 sqft)
216 Walt Whitman Blvd Sold for $211k on 06/29/17 (3bed 1.1baths 1,640 sqft)
11 7th Ave Sold for $255k on 07/14/17 (4bed 2.5baths 2,241 sqft)
128 Chaucer Pl Sold for $255k on 07/14/17 (3bed 2.5baths 1,664 sqft)
149 Walt Whitman Blvd Sold for $258k on 08/21/17 (3bed 2.5 baths 1,664 sqft)
133 Dumas Rd Sold for $269k on 06/29/17 (3bed 2baths 1,664 sqft)

193 Eleanor Per Sold for $275k on 06/22/17 (3bed 2baths 1,750 sqft)

CALL OR TEXT JOHN JARAMILLO FOR MORE INFO AT 732-630-2627

IF YOU NEED FUNDING TO PURCHASE THIS PROPERTY OR ANY OF OUR PROPERTIES, PLEASE GIVE US A CALL AND WE CAN PUT YOU IN TOUCH WITH ONE OF OUR AFFILIATE LENDERS.

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 Jaramillo 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.

Price:
$99,995
Address:
14 7th Ave
Cherry Hill, NJ 08003
Square Feet:
1,673
Lot Size:
0.34
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1977
Basement:
1/2 Unfinished
Const. Type:
single Family

Additional Features

Central AC * Central Heat * Public Water * Private Septic * Backyard * Fireplace * Dining room * Family Room * Laundry Hook up

Call 732-630-2627 for more details

Property Location