South Jersey Real Estate Investors Association


527 N New York Ave, Atlantic City, NJ 08401

3 Bedrooms / 1 Baths / Single Family

Property Status: Available (Wholesale) |  For Sale: $18,750.00


Property Photos


Atlantic City Landlord Special! - ASKING $18,750 - DEAL ALERT!


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $18,750.00
Property Details:
3 Bedrooms / 1 Baths / Single Family
Property Style:
2-Story
Finished Sq Ft:
1,040
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Sunset Property Group
(609) 381-0720

View on Individual's Website
Property Description:

527 N New York Ave Atlantic City NJ 08401
1040 Square Feet
Single Family Residence
3 Bed 1 Bath
ASKING - $18,750.00

This property is perfect for a landlord who wants to put in minimal work & collect $700+/month in Cash Flow. This property sits smack dab in the middle of Atlantic City between Golden Nugget & Ballys in Atlantic City in a quiet neighborhood near Venice Park. This property will be great to spend a few weeks getting it proper & putting a tenant in or immediately putting it on the MLS. Your Choice!


Comparable Properties Sold in last year close to property –
719 N Ohio Ave Atlantic City NJ 08401 - $109,000, 1436 Sq Ft - $76.53 per sq ft
601 N Trenton Ave Atlantic City NJ 08401 - $106,000, 1794 Sq Ft - $59.09 per sq ft
327 N New York Ave Atlantic City NJ 08401, $75,000, 1352 Sq Ft - $55.47 per sq ft
437 N Connecticut Ave Atlantic City NJ 08401 - $120,000, 1692 Sq Ft – $70.92 per sq ft
Average Sq Ft - $65.50
After Repair Value = (1040 sq ft)*($65.50 per sq ft) =
After Repair Value: $68,120


Investor Calculations:
Fix & Flip
ARV - $68,120
Repairs:$35k
$69,120 – (Repairs) 35,000 = $33,120
Purchase:$18,750
Return: $14,370

Buy & Hold
Rental Income - $1,100.00
Expenses - $333.00
Taxes:$133.00
Insurance:$125.00
Sewer/Water: $75.00
Net Income - $767.00 per Month
Cash on Cash Return = 17%!
5 Year Return - $46,020.00



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

South Jersey Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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South Jersey Real Estate Investors Association

PO Box 689
Marlton, NJ 08053
(856) 663-1133

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