Property Description:
12 Cedar St, New Egypt, NJ $59,000
Inspection Wednesday 7/2/19 1-2PM.
Contact Brian if you are attending. Property will only be available to see that day.
Call, text or email Brian for details at 856-334-2592
Minimum Assignment Price: $59,000
Estimated Repairs: 80-100k
Average Flip Comp: 185,000-215,000
Potential Gross Profit: $56,000
Monthly Rental: ~$1500
Beds: 2
Baths: 1
Sqft: 1,342
Ranch on a huge 50×200 lot, open it up and earn a return.
Recent sold 2-3 bed, 1 bath, 1100-1500 sq ft comps in New Egypt:
14 Maple Avenue New Egypt 2 beds 1 bath $177,000
60 Lakewood Rd, New Egypt, NJ 08533 2 beds 1 bath $180,000
28 Twin Dr, New Egypt, NJ 08533 2 beds 1 bath $185,000
65 Magnolia Ave, New Egypt, NJ 08533 3 beds 1 bath $215,000
Taxes: $4,294
Insurance: $400
5% Vacancy: $900
Net Income: ~$6,534
Offers:
CONTACT:
Brian Pistone
856-334-2592
Brian@greatereasternproperties.com
$5,000 deposit secures the agreement
$100 per diem fee shall be added to purchase price for any closing exceeding 7 days
Buyer to use Mike O’Brien @ Endurance Abstract Title
PLEASE DO YOUR OWN DUE DILIGENCE
Greater Eastern Properties owns this property or has it under contract We are not representing the owner as a Realtor or Broker.
Greater Eastern Properties is marketing their equitable interest or ownership in this property.
All information in this email is sourced from one or more of the following three sources:
Tax District Website, the Owner, or our interpretation of the property from a site visit.
DO YOUR OWN DUE DILIGENCE.
In the event of an Assignment:
Greater Eastern Properties is, and has been, ready, willing, and able to close this transaction.
Greater Eastern Properties has this property under contract with the owner of this property.
If you intend on purchasing Greater Eastern Properties’ equitable interest of this contract you will enter into a written agreement with Greater Eastern Properties and make the necessary DEPOSIT.
Greater Eastern Properties will then assign to you the equitable interest in the property.
Assignments will only be granted when written agreement is executed and the deposit is received.
The deposit is only refunded IF the seller doesn’t perform and/or title isn’t clear within the contractual time limit.
Contracts are ONLY extended when title isn’t clear by closing and all parties agree to an extension.