Great Wholesale/Flip Opportunity in FAR HILLS, NJ

[Kon Zel]

Move right in! Large Custom Colonial located in desirable Far Hills NJ on 1.83 acres! 7 Bedrooms, 3 Full Baths, 1 half bath. Big driveway, 3 car garage. Estimated to be over 4000 sq ft. Good condition, just needs deferred maintenance i.e. roof, driveway, landscaping, etc. Could move right in or RENOVATE FOR GREAT FLIP POTENTIAL. Septic sewer (25 years old), public water, gas heat. Most work is required on exterior of property. Kitchens and baths are updated. Large deck, partially finished basement. Stone fireplace. Central A/C.

Property is currently occupied by owner, in process of being foreclosed. In final negotiations with bank on short sale.

Well-kept condition, livable, everything inside is functional and in good order; Could use minor cosmetic rehab for a flip $50-$80K to do following:

- Landscaping for 1.8 acres (current owner did not have cash to upkeep, some fallen trees, etc.)

- Black top on driveway (currently gravel)

- Septic is working, but 25 years old - will likely need to be fixed/swapped

- New paint

Asking: 599K
work needed 80 to 100K
ARV 1,000 000
estimated profit: 300K TEXT/EMAIL OR CALL FOR SHOWING INSTRUCTIONS

could be purchased with Cash Hard money or combination of cash and regular loan