South Jersey Real Estate Investors Association


410 Robinson Ave, Atlantic City, NJ 08401

3 Bedrooms / 1 Baths / Single Family

Property Status: Available (Wholesale) |  For Sale: $20,000.00


Property Photos


Atlantic City Flipper Special! $600+/Month Cash Flow!


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $20,000.00
Property Details:
3 Bedrooms / 1 Baths / Single Family
Property Style:
2-Story
Finished Sq Ft:
1,152
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Sunset Property Group
(609) 381-0720

View on Individual's Website
Property Description:

410 Robinson Ave Atlantic City NJ 08401
1152 Square Feet
Single Family Residence
3 Bed 1 Bath
ASKING - $20,000.00

This property is perfect for a landlord who wants to buy something cheap, fix it up, & collect $600+/month in Cash Flow. This property sits smack dab in the middle of Atlantic City between the boardwalk and a quiet neighborhood near Venice Par. Potential Potential Potential!

65% ARV – REPAIRS!

Comparable Properties Sold in last year close to property –
645 N Dr Martin Luther King Drive Atlantic City NJ 08401 - $100,000, 1046 Sq Ft - $95.06 per sq ft
823 N Indiana Ave Atlantic City NJ 08401, $100,000, 1010 Sq Ft - $99.00 per sq ft
1019 N Ohio Ave Atlantic City NJ 08401 - $99,900, 1084 Sq Ft – $92.16 per sq ft
1134 N Michigan Ave Atlantic City NJ 08401 - $113,00, 1035 Sq Ft – $109.18 per sq ft
Average Sq Ft - $98.85
After Repair Value = (1152 sq ft)*($98.85 per sq ft) =
After Repair Value: $113,875.20

 

 

Investor Calculations:
Fix & Flip
ARV - $113,875 * 65% = $74,018.88
Repairs:$50k
Full Gut - $50k
65% ARV $74,018.88 – (Repairs) 50,000 = $24,018.88
Purchase:$20,000
Return: $43,875.88

Buy & Hold
Rental Income - $1,200.00
Expenses - $568.50
Taxes:$427.50
Insurance: $66.00
Sewer/Water: $75.00
Net Income - $631.50 per Month
5 Year Return - $37,890



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. 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 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.

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South Jersey Real Estate Investors Association

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

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