South Jersey Real Estate Investors Association


405 Lippincott Ave, Riverside, NJ 08075

Multiple Family / 4 Bedroom(s) / 2 Bath(s)

Property Status:  For Sale | $250,000.00 (Wholesale) | 


Property Photos


?? Attention Investors! Fantastic Duplex Deal in Riverside, NJ! ??


Property Status:
For Sale | $250,000.00 (Wholesale)
Property Details:
Multiple Family / 4 BR / 2 BA
Property Style:
Duplex
Finished Sq Ft:
1,800
Basement:
Partial Basement
Owner / Agent:
Wholesale
Property Features:
Porch
Contact Info
Marty Moves You
(732) 259-2950

View on Individual's Website
Property Description:

🏠 Attention Investors! Fantastic Duplex Deal in Riverside, NJ! 🏠

 


This duplex at 405 Lippincott Ave offers a great investment opportunity:

 


Features:

- Location: Riverside, NJ

- Property Type: Up/Down Duplex

- Total Square Footage: 1800

- Unit Configuration: 

   - Upstairs: 1 Bedroom, 1 Bathroom Studio

   - Downstairs: 3 Bedrooms, 1 Bathroom

- Potential Rental Income: $3000+ per month

- Repair Estimate: $15,000 - $25,000

- After Repaired Value (ARV): ~$300,000

 


💰 Price: $250,000 💰

 


Don't let this lucrative deal slip away! With its income potential and future value, it's an investor's dream. Contact me for more information and to grab this opportunity today! 📲


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Property Details

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Walkthrough

youtu.be/IOZTFDpMbuE

 


Pics and other info.

drive.google.com/drive/folders/14zu2qyfsDaQ4kivcObyL0kXzMxol3oKo?usp=sharing

 

 


6,399 Sq Ft - Lot

Taxes: $6,156.00 (2023)

 


Oil heat (7 yers old furnace ). (Owner sometimes did 3 drops $800/per for the year)
Oil Hot water
No A/C
Public water/sewage

 


Tenants (responsibility):
No Leases
Snow

 


Owner (responsibility):
Pays
Water/Sewage
Trash

 


SFT 1800 total - up 700 / down 1100

Up - Efficiency/ Studio 

Kitchenette, full bath (shower, toilet, sink)
Back stairwell rear of house entry
$315 (current has never changed in 20 years)

 

Down  3bed / 1bath
Kitchen, living room dinning room 
Basement (3rd Bed and some living space)

(Rent $1200) below mkt. 

 


Can be delivered Vacant. 

 


Comps (All Duplex)

210 New Jersey Ave, Riverside, NJ 08075 Active Multi-Family $299,999

317 S Fairview St, Riverside, NJ 08075 Pending Multi-Family $459,000

6 Morton St, Riverside, NJ 08075 Pending Multi-Family $299,999

620 Filmore St, Riverside, NJ 08075 Closed | 01/12/24 Multi-Family $350,000

 


Repairs ($15k-$25k)

Roof Patch

2nd floor exterior stairs need to be firmed up or replaced.

Cosmetic 



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. 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 nor will be held liable for the property or the information listed here.

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.

Contact Us

South Jersey Real Estate Investors Association

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

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