Newark 3- Family Double Lot Sold

  • $180,000
  • 9 beds
  • 3 baths
  • 3200 sqft

OFF MARKET DEAL!!

For more information please contact Gabe at 609-638-8465

Showing will be held on Friday 08/03/2018 from 1-3!
** There is to be no correspondence with seller during viewing**

Property Description
Great investment property, or flip. Property is a very large 3- family that sits on a double lot that could be subdivided and developed or sold separately. Property has 9 beds, 3 baths and 7 garage parking spaces. This property has huge potential!

Sales Details

Asking: $180,000
ARV: $380,000
Repairs: $110,000
Closing Costs: $26,600
Estimated Profit: $65,833
ROI: 20%

Comps
  • 245 Littleton Ave: Sold for $375,000 on 03/16/2018 (Property was a low end rehab, smaller than subject property and not on a double lot)
  • 30 N 5th St: Sold for $484,000 on 06/29/2018 (Property was a low end rehab, 100 sqft larger than subject property and on a much smaller lot)
  • 50-52 9th Ave: Sold for 350,000 on 03/05/2018 (Property sold for this much and it was only a smaller 2- family!!)
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:
$180,000
Address:
Newark, NJ 07107
Square Feet:
3200
Lot Size:
Double Lot
Bedrooms:
9
Bathrooms:
3
Terms:
For Sale
Property Type:
Apartment
Year Built:
1930
Basement:
unfinished
Const. Type:
3 Family

Call 609-638-8465 for more details