Asking $61,000
Est. Repair $60,000 *
Est. Repaired Value $250,000 **
Potential Gross Profit >>> $129,000 <<<
Nice house on a large piece of land in Bridgeton, NJ! The home features a mother-in-law apartment, fireplace, deck, & basement. House includes 6 bedrooms, 3 1/2 bathrooms, and a large shed. In very close proximity to Clarks Pond and Cohansey River & is conveniently located just minutes from the main part of town which includes schools, restaurants, banks, parks, & even a zoo! With a little TLC, potential profit is $121,000! You can also rent it for about $1,500 – $1,600, taxes for this property are $6,900 with an assessment value of $288,500.
Gross Profit – $18,000
Taxes – $6,900
5% Vacancy – $900
Insurance – $1,000
Net Income – $9,200
ROI – 11.33% (this includes $20k worth of work + acquisition)
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 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.