Property Description:
Bi-level home in nice neighborhood, close to beaches, Roof replaced 5 months ago,
HVAC replaced in 2006, needs new kitchen, needs 1/2 bath remodeled, windows, paint and flooring
3 beds/ 1.5 baths, 1425 sqft, Year Built 1970
AS IS Price: $157,000
Repair Costs $25,000
Total Investment $182,000
Property ARV $250,000
Closing & Realtor Fees $15,000
Profit to Seller $ 53000
Profit % = 29%
Comps
3 Edgewater Rd. Cape May NJ 08204 Sold 5/3/19 $277,000
619 Town Bank Rd. Cape May NJ 08204 Sold 5/20/19 $241,000
227 Roseann Ave. Cape May NJ 082204 Sold 5/6/19 $291,500