search
Price $
Bedrooms:
Home > Central Jersey real estate for sale > Central Jersey real estate wanted

Posted: Tuesday, February 13, 2018 12:44 PM

Reply

Street Address:
141 Washington Street Phillipsburg, NJ 08865

Sales Price: $50,000
Estimate Repairs: $30,000
After Repair Value: $160,000
Potential Gross Profit: $80,000

Bedrooms:# 4
Baths:# 1.5
Sq.ft:# 1,631

Description:
Attention All Investors! Large 4 Bedroom 1.5 bath colonial perfect for landlords and rehabbers. Located in the Town of Phillipsburg in beautiful Warren County New Jersey. Great location near shopping, restaurants, highways, and outdoor activities such as kayaking, tubing, jet skiing, fishing, and other activities on the Delaware River. This is a perfect project for you to make a quick return, or keep as a rental for a long-term investment. Home will need about $30k in repairs. Taxes for this property are $3,944.92 and properties in the area rent for approximately 1,200 - $1,400 per month. This property also comes with a fenced in yard and a 1 and a half detached garage.

Gross Income - $16,800
Insurance - $800
5% Vacancy - $840
Taxes - $3,945
Net Income - $11,215
ROI 14.01% (Return on Investment includes acquistion + $30k worth of work)

Comparables:

1) 170 Lincoln Rd Sold for $162k on 12/15/2017
(3 bed 1.5 bath 1,344 sq. ft. on .20 acres.)

2) 173 Washington St Sold for $160k on 1/20/2018
(3 bed 1.5 bath 1,628 sq. ft. on .30 acres.)

3) 375 Pursel St Sold for $152,520k on 5/9/2017
(4 bed 1 bath 1,522 sq. ft. on .18 acres.)

4) 406 Wilson St Sold for $153k on 2/28/2017
(3 bed 1.5 bath 1,696 sq. ft. on .13 acres.)

Website:
wwww.northjerseybargainhouses.com


Contact:
Paul at (908)-265-5558
Or
Vincent at (908)-644-3758

141 Washington Street, 08865    google map | yahoo map

Bedrooms: 4

• Location: Central Jersey, Phillipsburg

• Post ID: 53818182 centraljersey
centraljersey.backpage.com is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018 backpage.com