Asking $154,995
Est. Repairs $60,000 *
Est. Repaired Value $300,000 **
Potential Gross Profit >>>>$85,000<<<<
INVESTOR ALERT!!!
Awesome opportunity to pick up this money maker. Great looking Bi-Level house with lots of potential, the property comes with 3 bedrooms, 1 bath, 1,738 Sqft of living space, 2 car garage and sits on a 2.77 Acre Lot. Fix and Flip this deal with about $60k worth of updating including new septic. Please note that septic may or may NOT need to be replaced but we budgeted $20k for it anyway. Property taxes are about $6,153 per year.
Note: Based on Comps below the average property sales for about $174 per Sqft
The subject property has about 1,738 Sqft.
$174 per Sqft x 1,738 Sqft = $302,412 Est. Value
Comps:
(1) 1063 Milford-Warren Rd Sold for $262k on 10/01/19 DOM 332
(3bed 2 baths 1,606 Sqft Lot: 0.80 Acres Updated $163 per Sqft)
(2) 7 Maplewood Rd Sold for $280k on 08/15/19 DOM 18
(3bed 1.5 baths 1,664 Sqft Lot: 0.52 Acres Updated $168 per Sqft)
(3) 14 Hawks Schoolhouse Rd Sold for $300k on 10/31/18 DOM 65
(3bed 2 baths 1,260 Sqft Lot: 0.37 Acres Renovated $238 per Sqft)
(4) 4 Hook Dr Sold for $295k on 07/08/19 DOM 30
(4bed 2.5baths 2,118 Sqft Lot: 0.46 Acres Updated $139 per Sqft)
(5) 14 Lanning Ln Sold for $322k on 09/27/19 DOM 90
(3bed 1.5baths 1,800 Sqft Lot: 0.56 Acres Renovated $178 per Sqft)
(6) 16 Lanning Ln Sold for $330k on 08/21/19 DOM 1
(3bed 2baths 1,806 Sqft Lot: 0.61 Acres Renovated $182 per Sqft)
(7) 9 Delaware Sold for $355k on 07/29/19 DOM 135
(3bed 2.5baths 2,154 Sqft Lot: 1.35 Acres Renovated $164 per Sqft)
(8) 39 Gridley Cir Sold for $375k on 02/25/19 DOM 115
(4bed 2.5baths 2,343 Sqft Lot: 0.75 Acres Renovated $160 per 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 purchased 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 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 the 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.