Asking 139,000
Est. Repair $90,000 *
Est. Repaired Value $320,000 **
Potential Gross Profit >>>>$91,000<<<<
CASH COW!!!!!!!
This 3 family home features 9 bedrooms, 3 full bathrooms and comes with approximately 3,276 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 $3,862 per year and homes are renting for approximately $1,400 – $1500 per each 3 bedroom unit. Below is a break down if you decided to rent it.
Gross Income – $50,400
Taxes – $3,862
Insurance – $1,000
5% Vacancy – $2,520
Net Income – $43,018
ROI – 18.78% (Return on Investment includes acquisition + $90k worth of work)
Comps:
(1) 279 Clifton Ave Sold for $290k on 01/08/18 (8bed 3bath 2,835 sqft)
(2) 317 West 7th Ave Sold for $340k on 08/16/17 (9bed 4.2baths 2,604 sqft)
(3) 39 Kearny St Sold for $360k on 08/08/17 (9bed 5baths 3,118 sqft)
(4) 118 Hudson St Sold for $320k on 10/16/17 (8bed 3bath 3,342 sqft)
(5) 274-276 Oraton St Sold for $420k on 02/26/18 (8bed 5bath 3,556)
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.