OFF Market Flip Available - Newark NJ - $99.9K/$37K/$210K

[Sean Richway]

All,

We have a brand new rehab project available that is off market.  The property is a single family residence in Newark NJ.  The property can be purchased for $99,900 and will need an interior renovation done here for $37,000.  We have an experienced local GC lined up for any buyer to perform the renovations.  The property will need the following:

-New kitchen (cabinets, appliances, and floors)

-New baths (toilets, tubs, tile, and vanities)

-Paint the interior

-Moldings done throughout the house

-New heating system

-Flooring throughout the home

-New doors

Based on the renovations the property will resell for around $210,000.  We have an experienced realtor in the area that grew up in this area to help any buyer sell the home once renovated.  This home will generate over $75K gross profit depending on cash buyer or financing.  The renovations will take about 30-45 days and the home can be flipped within 4-6 months.  Property could be used as a rental property as well.

Text me at 443-528-9699 or email me at [email protected] if you are interested. Must be able to show POF's if paying cash or provide financing information if using a hard money lender. We have a preferred lender as well we can provide the borrower with upon request.