Property Description:
WOW LOOK AT THIS DEAL!!!!!
Large 1,931 Sqft house with 4 bedrooms 1 bath located on a 0.37 Acre lot with large fenced in yard. House is oil heated with oil tank above ground. House needs updating through out, it comes with private well and private septic. Please note no information about the septic is available, please do your own du-diligence. House will need about $15k worth of work get rent ready. This house can rent for approximately $1,300 - $1,400. Taxes are about $3,776 per year. Below is a break down if you decided to rent it.
Gross Income - $15,600
Taxes - $3,776
Insurance - $800
5% Vacancy - $780
Net Income - $10,244
ROI - 16.79% (Return on Investment includes acquisition + $30k worth of work)
Comps:
(1) 278 Alloway Friesburg Rd Sold for $177k on 03/22/18 (3bed 1.1baths 1,344 sqft)
(2) 152 Alloway Friesburg Rd Sold for $200k on 11/22/17 (3bed 1bath 1,884 sqft)
(3) 50 Holly Trl Sold for $210k on 06/30/17 (3bed 2baths 1,522 sqft)
(4) 269 Alloway Friesburg Rd Sold for 216k on 01/19/18 (4bed 2bath 1,624 sqft)
CALL OR TEXT John Jaramillo
FOR MORE INFO AT
908-759-3161
IF YOU NEED FUNDING TO PURCHASE THIS PROPERTY OR ANY OF OUR PROPERTIES, PLEASE GIVE US A CALL AND WE CAN PUT YOU IN TOUCH WITH ONE OF OUR AFFILIATE LENDERS.
SERIOUS BUYERS ONLY PLEASE. Buyer must be purchasing with cash, hard or private money, or line of credit and able to close within (10) days or less. 10% Non-Refundable 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.
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TO MAKE AN OFFER CALL John at 908-759-3161. 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.