Updated about 8 years ago on .
Wholesale Opportunity - Newark NJ - $107K/$25K/$210K
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 $107,500 and will need an interior renovation done here for $25,000. 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 $77K 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.
- Sean Richway
