Fixer Upper Opportunity!!!!
Asking $99,995
Est. Repairs $100,000 *
Est. Repaired Value $310,000 **
Potential Gross Profit >>>>$110,000<<<<
Come check out this 3 bed, 1 bath SFH located in Franklinville, NJ. An incredible opportunity for your next profitable flip! With neighborhood comps showing an estimated ARV of $310k+, this property has strong potential for solid returns. House will need approximately $100k worth of work, this includes $25k to either repair or replace the current septic. (Please Note Septic has not been inspected). Taxes are about $4,085 per year and a property like this can rent between $2,250 – $2,500 per month. Property will be delivered vacant, making your renovation timeline even smoother. Don’t miss out on this great deal—reach out today to schedule an appointment for access.
Below is a break down if you decided to keep it as a rental unit.
Gross Income – $27,000
Taxes – $4,085
Insurance – $1,000
5% Vacancy – $1,350
Net Income – $20,565
ROI – 16.45% (Return on Investment includes acquisition + $25k worth of work)
Please note estimates are our opinion on value based on the data gathered.
Please perform your own due-diligence
Comps:
(1) 484 Karen Ave Sold for $300k on 12/20/24 DOM 9
(4bed 2 baths 1,536 Sqft Outdated $195 per Sqft)
(2) 83 Tern Dr Sold for $325k on 10/15/24 DOM 28
(3bed 2 baths 1,705 Sqft Fully Renovated $190 Per Sqft)
(3) 1667 Coles Mill Rd Sold for $345k on 10/07/24 DOM 38
(3bed 2 baths 1,600 Sqft Fully Renovated $215 per Sqft)
(4) 1717 Coles Mill Rd Sold for $285k on 03/07/25 DOM 189
(3bed 1 bath 1,215 Sqft Updated $234 per Sqft)
(5) 29 Wall St Sold for $308k on 01/30/25 DOM 84
(3bed 2 baths 1,292 Sqft Fully Renovated $238 per Sqft)
(6) 1377 Williamstown Rd Sold for $380k on 08/30/24 DOM 41
(3bed 2 baths 1,846 Sqft Fully Renovated $205 per Sqft)
(7) 415 Blackwood Ave Sold for $308k on 07/08/24 DOM 20
(3bed 1 bath 1,056 Sqft Updated $291 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.