Asking $299,900
Est. Repair $50,000 *
Est. Repaired Value $495,000 **
Potential Gross Profit >>>>$146,000<<<<
Start the new year with this solid investment in Morris Plains NJ. Here is a nice size Colonial with 1,978 Sqft of living space located minutes away from the train station and downtown shopping. House has tons of potential, will need updating throughout but when done this house can bring you a six-figure return. House comes with 3bedrooms, 2 full baths, public water, public sewer, 1 car garage and full basement. House will need approximately $50k worth of updating to flip. Taxes for the property are about $9,048 per year.
Comps:
(1) 28 Janeway Pl Sold for $439k on 05/24/18 DOM 27 (3bed 2bath 1,475 Sqft)
(2) 12 Brook Dr Sold for $480k on 05/07/18 DOM 43 (3bed 1Bath 2Halfbath 1,555 Sqft)
(3) 17 Mayfair Rd Sold for $475k on 06/08/18 DOM 37 (3bed 1.5baths 1,458 Sqft)
(4) 8 Valley Stream Dr Sold for $480k on 11/30/18 DOM 57 (3bed 2bath 1,592 Sqft)
(5) 43 Franklin Pl Sold for $520k on 02/01/18 DOM 13 (3bed 1.5bath 1,534 Sqft)
(6) 59 Franklin Pl Sold for $550k on 07/13/18 DOM 6 (3bed 2bath 1,562 Sqft)
(7) 14 Morris Plains Ave Sold for $500k on 06/14/18 DOM 27 (4bed 2bath 864 Sqft)
(8) 6 Briarcliff Rd Sold for $545k on 08/10/18 DOM 57 (3bed 2bath 1,425 Sqft)
(9) 9 Beech Dr Sold for $545k on 01/05/18 DOM 52 (4bed 2.5baths 2,012 Sqft)
(10) 10 Kathleen Pl Sold for 577k on 01/17/18 DOM 11 (3bed 2bath 1,975 Sqft)
(11) 35 Littleton Rd Sold for $540k on 09/14/18 DOM 12 (4bed 1.5bath 1,830 Sqft)
(12) 10 Bangiola Ct Sold for $599k on 04/12/18 DOM 9 (4bed 2.5baths 1,984 Sqft)
(13) 23 Glenbrook Rd Sold for $650k on 07/06/18 DOM 6 (4bed 2bath 1,846 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 purchased 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.