Asking $150,000
Est. Repair $70,000 *
Est. Repaired Value $320,000 **
Potential Gross Profit >>>>$100,000<<<<
MONEY MAKER!!!!!
Check out this 3 family home that features 7 bedrooms, 3 full bathrooms and comes with approximately 2,880 square feet of living space. Great proximity to restaurants, schools, and a park. This can be a great rental for your portfolio. Taxes are only $5,548 per year and homes are renting for approximately $1,400 – $1500 for the 3 bedroom unit and about $1,100 – $1,200 per 2 bedroom units.. Below is a break down if you decided to rent it.
Gross Income – $43,200
Taxes – $5,548
Insurance – $1000
5% Vacancy – $2,160
Net Income – $34,493
ROI – 15.67% (Return on Investment includes acquisition + $70k worth of work)
Comps:
(1) 67 Baldwin Ave Sold for $280k on 04/24/18 (6bed 2.1bath)
(2) 43 Bock Ave Sold for $283k on 08/10/18 (5bed 3baths)
(3) 9 Fessenden Pl Sold for $316k on 08/09/18 (6bed 2bath)
(4) 10 Homestead Park Sold for $330k on 07/31/18 (6bed 4bath)
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.