Single family house in Newark, NJ. Comes with 3 bedrooms 1 bath and it’s directly across from a library. House needs some TLC but nothing major. Fix it up and flip it or rent it out for positive cashflow. House has lots of potential, has newer electrical panel, furnace, water heater, windows and siding. Just needs some updating through out to get ready, and some roof work. Taxes for this property are $3,302 and it can be rented for about $1,200 – $1,300 a month.
Gross Rent – $15,600
Taxes – $3,302
5% Vacancy – $780
Insurance – $800
Net Income – $10,718
ROI – 12.6%
Comps:
80 Hillcrest Tr Sold for 137k on 07/01/15
37-39 Richeliue pl Sold for $155k on 10/19/15
16 Richelieu Pl Sold for $165k on 09/08/15
3 Scofield St Sold for $166k on 12/04/15
107 Mead St Sold for $235k on 07/07/15
CALL OR TEXT JOHN JARAMILLO 908-759-3161
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 908-759-3161. 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.