š„Investor Special š„
AskingĀ $115,000
Est. RepairsĀ $70,000 *
Est. Repaired ValueĀ $245,000 **
Potential Gross Profit >>>>$60,000<<<<
Donāt miss out on this chance to capitalize on Burlingtonās growing market! This 4 bedroom, 1bath property is perfect for savvy investors. With approximately $70,000 in renovations, you could flip it for a significant profit. The home has great potential in a desirable area, offering flexibility for either a quick flip or a long-term rental strategy. Make it rental-ready with about $25,000. With rents between $2,200 ā $2,400 and taxes being approximately $4,679 per year, your returns would be in the double digits.
Below is a break down if you decided to keep it as a rental unit.
Gross Income ā $26,400
Taxes ā $4,679
Insurance ā $900
5% Vacancy ā $1,320
Net Income ā $19,501
ROI ā 13.92% (Return on Investment includes acquisition + $25k worth of work) Ā
Please note estimates are our opinion on value based on the data gathered. Ā
Please perform your own due-diligence Ā
Comps:
(1) 327 Barclay St Sold for $233k on 04/30/24 DOM 4
(3bed 2.5 baths 1,584 Sqft Updated $147 per Sqft)
(2) 775 Columbus Rd Sold for $310k on 06/20/24 DOM 10
(4bed 2 baths 1,840 Sqft Fully Renovated $153 per Sqft)
(3) 117 E. Federal St Sold for $210k on 06/28/24 DOM 11
(4bed 1.5 baths 1,248 Sqft Fully Renovated $168 per Sqft)
(4) 312 Penn St Sold for $225k on 05/17/24 DOM 26
(3bed 1 bath 1,312 Sqft Updated $171 per Sqft)
(5) 304 Jones Ave Sold for $255k on 04/30/24 DOM 42
(5bed 2baths 1,800 Sqft Fully Renovated Ā $141 per 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 AFFILIATEĀ LENDERS.
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchased with cash, hard or private money, orĀ line ofĀ creditĀ and able to close within (10) days or less. 10% Non-Refundable deposit due within 48 hrs of acceptance. Property being sold āas isā, any and allĀ inspectionsĀ and certifications, includingĀ CertificateĀ of Occupancy will be Buyerās responsibility. Free and clear title, quick closing offered.
TO MAKE AN OFFER CALL John atĀ 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 forĀ 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 theĀ certificateĀ 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.