Asking $35,995
Est. Repair $65,000 *
Est. Repaired Value $150,000 **
Potential Gross Profit >>>>$49,000<<<<
INVESTOR ALERT! The perfect opportunity awaits for an investor looking to fix up and rent out or fix and flip for a quick profit. This home sits on a quiet road in Newtonville, NJ and is perfect for someone looking for privacy. This will not last long. House is also eligible for USDA lending which means you can sale to buyers that in some cases can qualify for 100% financing. This makes your buyers pool even bigger not just limited to Conventional or FHA buyers. House can also be rent for about $1,300 – $1,400 per month. Below are some estimates of your return if the house was to be rented. House will need about $30k worth of work to be rent ready.
COMPS:
727 6th Rd Sold for $151k on 08/19/16
(1 Bed less, 1 Bath less, 500 sqft less)
103 Eisenhower Dr Sold for $135k on 04/07/17
(1 Bed less, 1 Bath less, 400 sqft less)
538 9th St Sold for $100k on 04/27/17
(2 Bed less, 1 Bath less 1,100 sqft less)
627 Woodbury Ave Sold for $130k on 03/13/17
(1 Bed less, 1 Bath less, 300 sqft less)
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.