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