Asking $59,995
Est. Repair $40,000 *
Est. Repaired Value $140,000 **
Potential Gross Profit >>>>$40,000<<<<
Awesome deal with tons of potential, property features 3 Bedrooms, 1 Bath on a nice size 70×300 lot. House does need some work including new kitchen, bath and mold remediation in basement other than that house sits really solid. Currently has newer carpets, newer roof and newer windows. House is in a good school district with taxes of only $4999. House can also be rent for about $1,300 – $1,400 per month. Below are some estimates of your return if the house was rented.
Gross Income – $15,600
Taxes – $4,995
5% Vacancy – $780
Insurance – $800
Net Income – $9,025
ROI – 12.00% this includes $15k worth of work + acquisition
COMPS:
100 E. Chestnut St Sold for $110,000 on 01/27/17
(Not updated, Only 2 Bed, Only 768 Sqft)
577 Belview Ave Sold for $148,000 on 07/08/17
(Only 1,008 Sqft, One floor ranch)
87 Morrow Ln Sold for $150,000 on 03/10/17
(Renovated a few years back, Only 1092 Sqft, Only one Floor ranch)
419 Erie Ave Sold for 155,000 on 05/05/17
(Renovated a few years back, 200 Sqft bigger, Only One floor ranch)
49 Walnut St Sold for $170,000 on 05/15/17
(Not updated, Only 960 Sqft, 2 Car Garage)
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 Jaramillo 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.