517 Billings Ave., Paulsboro, New Jersey 08066 Sold

  • $19,900
  • 2 beds
  • 1 baths
  • 950.0 sqft

Asking $19,900

Est. Repair $40,000 *

Est. Repaired Value $105,000 **

Potential Gross Profit >>>>$45,000<<<<

Investors Delight!!!! Here is Colonial  located on quiet street with approximately 950 Square feet. Comes with 2 bedrooms , 1 bath, kitchen, living room, and enclosed front porch. On 2nd floor there is a bonus room that can be converted into a third bedroom adding more sqft to the house. Property needs Full Rehab, approximately $40k in work to flip or approximately $30k to get rent ready. Property taxes are $3,651 and homes in the area are renting approximately for $1,200 – $1,300 per month.
Gross Income – $14,400
Taxes – $3,651
Insurance – $800
5% Vacancy – $720
Net Income – $9,229
ROI – 18.45% (Return On Investment includes acquisition + $30k worth of rehab)
Comps:
534 Beacon Ave Sold for $89,000 on 05/01/17 (3bed 1bath 1,143 sqft)
544 Greenwich Ave Sold for $105,000 on 03/30/17 (3bed 1bath 1,449 sqft)
521 N Delaware St Sold for $108,000 on 08/24/17 (2bed 1bath 1,176 sqft)
217 Nassau Ave Sold for $111,500 on 08/07/17 (3bed 1bath 1,208 sqft)
344 Mantua Ave Sold for $155,000 on 07/07/17 (3bed 2bath 1403 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 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.

Price:
$19,900
Address:
517 Billings Ave.
Paulsboro, New Jersey 08066
Square Feet:
950.0
Lot Size:
0.0
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1920
Const. Type:
Colonial

Call 732-630-2627 for more details

Property Location