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Updated over 8 years ago on . Most recent reply

User Stats

34
Posts
9
Votes
Romeo Abenoja
  • Flipper/Rehabber
  • Englewood Cliffs, NJ
9
Votes |
34
Posts

Wayne NJ Wholesale deal! Only light rehab needed

Romeo Abenoja
  • Flipper/Rehabber
  • Englewood Cliffs, NJ
Posted

This is a 5 bedroom, 3 bath colonial located in the Pines lake community of Wayne. Very minor rehab needed; update kitchen and baths, minor exterior repairs, cosmetic patches on the interior.

Asking - 415,000
Rehab - 30,000
Arv - 550,000 - 575,000

Must be able to close in 14 days or less. Priority will be given to those than can close quickly. Structured as an LLC purchase.

Recent Sold Comps:

370 Indian Rd - Sold for $530,000, 4 bedrooms, 2.1 baths 11/17/16
161 Osceola Rd - Sold for $545,000, 3 bedrooms, 4 baths 3/16/17
117 Indian Rd - Sold for $567,000, 5 bedrooms, 3.1 baths 7/28/16
857 Pines Lake Dr - Sold for $665,000, 3 bedrooms, 3.1 baths 11/1/16

Link to walkthrough:

https://youtu.be/xFrnGm7xSOQ

I'm also willing to entertain Joint Venture deals.  This would be a great first deal for any new investors!

Thanks for looking!

Offering

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