Elizabeth Flip or Conversion Sold

  • $120,000
  • 3 beds
  • 1.5 baths
  • 2,875 sqft

OFF MARKET DEAL!

For more information please contact Gabe at
609-638-8465
Showing will be held on Tuesday 08/28 from 10:30-12:30!
** There is to be no correspondence with seller during viewing**
Property Description
Huge opportunity to do an easy flip or conversion into a 2-family! Property is in great shape and repairs may be less if kept as a single family. Comps are much higher than 230,000 for 2-families.
Sales Details
Asking: $120,000
ARV: $230,000
Repairs: $40,000
Closing/Holding/Resale Costs: $16,100
Estimated Profit: $53,077
ROI: 30%
Comps
  • 136 Smith St sold for $225,000 on 12/13/17 (over 1000 sqft smaller, no parking, renovated)
  • 1057 William St sold for $235,000 on 03/02/18 (700 sqft smaller, renovated)
  • 1009 North Ave sold for $278,000 on 08/22/18 (same size, renovated, sold in under 2 months)
Disclaimers

CALL OR TEXT GABE PAOLELLA FOR MORE INFO AT 609-638-8465

SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (30) days or less. $7000 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.

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

Price:
$120,000
Address:
Elizabeth, NJ 07201
Square Feet:
2,875
Lot Size:
3,049
Bedrooms:
3
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1900
Basement:
1/2 Finished
Const. Type:
Colonial

Call 609-638-8465 for more details