I currently have under contract a 2 family in Linden, NJ for $142,500. There are currently two full price offers (FHA) as-is at 224,900. I have not counter offered either of them.
One unit is tenant occupied with a rental income of $1100 a month.
If any one is interested in funding an (as-is) transaction, it will have to be held for 90 days since the FHA buyer will require a 90 day seasoning.
Or they can fund a very light rehab that can return upwards of 275-300k on the property (The property does not NEED any work but could use some updating)
Property Address is 220 Coolidge St in Linden, NJ and is listed on the GSMLS at MLS# 2935084.
If you would like to know more please email me!
Lafi@medinaestates.com
Thank you,
Replies
Do you have any money to put into the deal? If so I might be interested without we will not fund.
Please let me know.
Thanks,
Joel
732-598-0351