Nice spacious Ranch bigger than what it looks with lots of potential. Comes with a 2 car garage attached on large lot (0.80 Acre Lot). House will need to be updated throughout including kitchen, bathroom, floors, windows and paint. House was build in 1950, has private well water and septic. Property is a good school district, property taxes are only $5,300. Can rent for about $1,400 – $1,500 and needs about $25k to get rent ready.
Gross Income – $16,800
5% Vacancy – $840
Insurance – $700
Taxes – $5,300
NOI – $9,960
ROI – 18.44% (including $25k in repairs)
Comps:
32 High Point Ter Sold for $160k on 09/11/15
(1 bed more 0.40 acres less)
10 Hillsdale Dr Sold for $175k on 01/08/16
(1 Bed more 1 bath more 0.38 Acres less)
5 Summit Cir Sold for $183k on 03/31/16
( 1 Bed more 0.37 Acres less)
74 Sand Hill Rd Sold for $242k on 02/29/16
(1 Bed more 1 Bath more 0.12 Acres more)
2 Cedar Ridge Rd Sold for $256k on 07/01/16
(1 Bed more 1 Bath more 0.23 Acres less)
CALL OR TEXT JOHN JARAMILLO FOR MORE INFO AT 908-759-3161
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 908-759-3161. 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.