Hello,

Seeking cash buyers for a 3 Family in Newark, NJ

63 Columbia Ave, Newark NJ

ARV – 249K

DEAL PRICE – 65K (PRICED REDUCED)

 

COMPS - ACTIVE

1 – 190 – Munn Ave, Newark

2 – 200 – Irvington (close buy)

3 – 219 – Irvington (close buy)

 

COMPS -SOLD

1 - 64 Harrison Pl, Irvington NJ- 1.15 mi Multi-Family $245,000 5/10/11

2 - 53 39th St, Irvington NJ -2.04 mi Multi-Family $220,000 6/16/11

3 - 20 Hazel Pl, Irvington NJ  2.29 mi Multi-Family $230,000 7/06/11

 

Repairs

FIRST FLOOR IS 20,000K worth of work the rest of the property is patch work and ready to rent. Second floor is currently renting for $950

Taxes – 6K

ARV – Reflected in List price 249K – (210 market conditions)

THE DEALS IS 65K currently this is a huge deal for the right investor with the right buyers. Even priced to move at 150 the investor triples the money on investment on a rehab and sale. Not to mention cash flow.

Picture attached.

Email: reinvestorsnj@gmail.com for more info.

ALSO,

659 Meacham Avenue, Linden, NJ (Short Sale)

Asking $135K

Rehab $5K

Single family with complete basement apartment

With separate entrance (great for rental)

Great area, commuters dream

Rent both units $950-$1100 per month

Email: reinvestorsnj@gmail.com for more info.

Cash Buyers Please

Thanks,

Tiara

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