Amazing opportunity in Bergen County NJ !!!!
Asking $374,000
Est. Repairs $70,000 *
Est. Repaired Value $545,000 **
Potential Gross Profit >>>>$101,000<<<<
The perfect investment property to start out 2023 is here. Located in desirable Bergen County NJ, here is a single family home in need of updating throughout. Home consist of 3 bedrooms, 2 full baths, 2 car garage and spacious basement that can be finished for more living space. Also comes with a bonus space above the garage that can be possibly finished as a recreational room/office or just keep it as-is for storage. The home is situatied in a beautiful quiet street and close enough to everything. Only 7 minutes away from the main road where you will find stores, restaurants and the Waldwick train-station. The Paramus shopping center is about 15 minutes a
way, approximately 35 minute drive into NYC and about 40 minutes to Newark airport. Home will need about $70k to flip or about $35k to get rent ready. Homes in the area rent between $3,100 – $3,300 per month and Taxes are about $10,685 per year.
Comps:
(1) 165 W. Prospect St Sold for $513k on 10/14/22
(3bed 2bath 1,132 Sqft Fully Renovated, Garage – 0)
(2) 29 Howard Pl Sold for $526k on 05/06/22
(3bed 1.5baths 1,485 Sqft Fully Renovated, Garage – 1)
(3) 26 Richard Dr Sold for $540k on 06/27/22
(3bed 2baths 1,224 Sqft Updated, Garage – 1)
(4) 107 Manhattan Sold for $565k on 01/10/22
(3bed 2baths 1,596 Sqft Updated, Garage – 1)
(5) 68 E. Prospect St Sold for $580k on 09/21/22
(3bed 2 baths 1,752 Sqft Updated, Garage – 2)
(6) 60 Lyon Rd Sold for $600k on 08/19/22
(3bed 2baths 1,383 Sqft Updated, Garage – 1)
(7) 44 Highwood Ave Sold for $610k on 07/08/22
(3bed 2baths 2,247 Sqft Renovated, Garage -1 )
(8) 41 E. Prospect St Sold for $622k on 05/03/22
(3bed 2baths 1,812 Sqft Fully Renovated, Garage – 1)
(9) 91 Highwood Ave Sold for $620k on 02/15/22
(3bed 2.5bath 1,776 Sqft Renovated, Garage – 0)
(10) 77 White Pond Rd Sold for $640k on 05/27/22
(3bed 1.5bath 1,662 Sqft Updated, Garage – 2)
(11) 5 Yvonne St Sold for $650k on 04/08/22
(3bed 2.5bath 1,890 Sqft Fully Renovated, Garage – 2)
All showings are subject to the states COVID-19 orders, recommendations, guidance, and all CDC and local health mandates and/or guidance regarding showings. Please practice social distancing and wear masks
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.