Elizabeth, NJ 3 family brick building cash flow opportunity
 
1st floor 2br/1ba (currently rented $950), 2nd and 3rd floor 3br/1ba vacant.
Property has a large unfinished basement with own entrance/exits partitioned off from furnaces and water heaters.  Extra income potential: possibly adding coin operated washers and dryers in basement?  Each floor has separate utilities which tenants pay individually.  10-15K Repairs total for 2nd and 3rd floor.

All separate utilities.

Estimated Rents: $950 (1st flr.) + 1,050k (2nd flr.) + 1,050k (3rd flr.) = $3,050

You need to be a member of Real Estate Mixer to add comments!

Email me when people reply –

Replies

  • Shar,

    There were a couple of buyers ready to go for this one. If the deal is a true deal, funding is fairly easy to get. Hard money lenders would easily lend on this type of deal. You can attend TriState Mixer events to find them. Some say they lend however, they're just brokers and typically have higher rates/don't really lend often because they don't recognize a good deal. Meet me at the TSM meetings and I'll try to introduce you to the real ones that lend directly/have lent to our TriState Mixer members.
  • Hi Charles, 

    This opportunity sounds promising.  One Question, where does the financing for a project like this come from?

  • Hi Charles,

    Sorry i missed this one. Please keep me in mind as this is a particular area of interest.

    Thanks

  • Hi Charles

    What area of Elizabeth or street is the property located, also what is the price??

    Thank you

    Gwendolyn Horn

    gbhproperties@gmail.com

  • Sorry all... 

     

    This cash flow property sold in (1) day!

     

    When we have other awesome cash flow or whole sale deals again, it'll be posted here on TriState Mixer! :)

This reply was deleted.
Kevin S Clark updated their profile
Jul 1, 2023
Kevin S Clark and DAVID WAYNE are now friends
Jul 1, 2023
Kevin S Clark updated their profile photo
Jul 1, 2023
Rob Beeman left a comment on Landlord Tenant & Squatter Group
"Although this comment is NOT related to tenants or squatters, it is related to real estate investing, so please forgive me if it is NOT supposed to be posted here. None the less, perhaps someone might find it beneficial for their investing…"
Nov 15, 2022
Rob Beeman posted a discussion
Real Estate Investing Knowledge & Networking VIRTUAL Event.Capitalize on the opportunity to gain knowledge and awesome networking in multiple ways at this FREE VIRTUAL Knowledge & Networking Event on Tuesday December 13th at 7PM EST!The meeting is…
Nov 15, 2022
Rob Beeman updated their profile photo
Nov 15, 2022
Rahul Patel updated their profile
Apr 29, 2022
Vivian Rivera updated their profile
Feb 18, 2022
Rob Beeman updated their profile photo
Jan 17, 2022
Rob Beeman updated their profile
Jan 17, 2022
Rob Beeman posted a discussion
Have an interest in real estate investing?Then we welcome you to subscribe to our FREE online newsletter delivered to the reader's email.So many mistakes are made because of lack of knowledge, lack of resources or lack of contacts! Mistakes often…
Jan 17, 2022
Jean-Paul Gerosa updated their profile
Nov 6, 2021
C updated their profile
Oct 18, 2021
T Craig Barry updated their profile
May 28, 2021
Vijay Kumar posted a discussion
We have Fresh Cut Bank Guarantee (BG) / StandBy Letter Of Credit (SBLC) specifically for BUY/LEASE Issuance by HSBC London / Hongkong, Barclays Bank, Deutsche Bank AG Frankfurt, and many other 25 top AA rated Banks. We also secure funding to…
Jan 1, 2021
Eva Jeani updated their profile
Nov 9, 2020
More…
Testing one 2 3