Asking $89,000
Est. Repair $60,000 *
Est. Repaired Value $260,000 **
Potential Gross Profit >>>>$111,000<<<<
Investment opportunity awaits!! Imagine adding a 3rd bedroom to this 2 bed 2 bath cape that sits on top of raised garage/workshop space, keeping it high and dry- even though as far as we understand it’s NOT in a flood area. Large, private backyard very close to major highways. As per FEMA website property its NOT in flood plain. Please perform your own due-diligence. Home public water and sewer. It will need updating throughout to get it back on the market and flipped for a nice profit, or rented for passive income! Taxes are $5,146 per year.
COMPS:
(1) 42 Oak St Sold for $240k on 05/08/18 (3bed 1bath 1,228 Sqft)
(2) 58 Cypress Ave Sold for $235k on 12/08/17 (3bed 1bath 1,243 Sqft)
(3) 9 Alder St Sold for $250k on 02/02/18 (4bed 2bath 1,536 Sqft)
(4) 13 Cedar St Sold for $259k on 08/01/18 (3bed 2bath 1,228 Sqft)
(5) 55 Riveredge Rd Sold for $261k on 06/18/18 (3bed 1.5baths 1,192 Sqft)
(6) 19 Mohawk Ave Sold for $316k on 08/03/18 (3bed 2bath 1,056 Sqft)
(7) 4 Algonquin Ave Sold for $300k on 09/04/18 (3bed 1bath 1,220 Sqft)
(8) 3 Lori Ln Sold for $325k on 07/23/18 (3bed 2bath 1,304 Sqft)
(9) 20 Larsen Ln Sold for $375k on 08/31/18 (3bed 2bath 1,404 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 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