Asking 59,000
Est. Repair $60,000 *
Est. Repaired Value $160,000 **
Potential Gross Profit >>>>41,000<<<<
End Unit house in the city of Philadelphia PA, this property is in need of total a Rehab. Currently 4 bedrooms and 2 bathrooms in an estimated 1,619 Sqft. of living space. This is a great Fix and Flip deal or Rental. Bring this one back to life and enjoy a positive return in the process. Home can be rent ready with about $30k worth of work. Taxes are only $1,650 per month and can rent for approximately $1,200 – $1,300 per month. Below is a break down if you decided to rent it.
Gross Income – $14,400
Taxes – $1,650
Insurance – $800
5% Vacancy – $720
Net Income – $11,230
ROI – 12.47% (Return on Investment includes acquisition + $30k worth of work)
Comps:
(1) 6415 N. Beechwood St Sold for $150k on 06/12/18 (4bed 2bath 1,050 Sqft)
(2) 2108 65th Ave Sold for $150k on 10/11/17 (3bed 1.5baths 1,454 Sqft)
(3) 6508 N. Uber St Sold for $152 on 01/10/18 (3bed 1.5baths 1,056 Sqft)
(4) 6528 N. Uber St Sold for $159k on 12/06/17 (3bed 2bath 1,056 Sqft)
(5) 1345 E. Price St Sold for $162k on 04/03/18 (4bed 2.5baths 1,764 Sqft)
(6) 6512 Ogontz Ave Sold for $165k on 06/28/18 (4bed 2baths 1,400 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 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.