Real Estate Deal Analysis & Advice

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Atlantic City Fix n Flip/Rental Deal

Posted Sep 13 2019, 14:32

Investment Info:

Single-family residence wholesale investment in Atlantic City.

Purchase price: $25,000

Uptown Atlantic City Area Single Family Home 3 Beds, 1 Bath, 2 Stories, Backyard Shed (shed would need a new roof) (opportunity zone)
Renovations Done 3yrs ago
- new plumbing, electric, hot water heater, furnace
Owner says if needed they have someone local that can do the minimal remaining rehab.
Tenants in current photos will be out 10/1/19
The property also has room for fix n flip profit!
Price $25,000
ARV ranging from $55,000-$85,000
Rehab $20,000
519 Graff Ln Atlantic City, NJ

How did you find this deal and how did you negotiate it?

Put it under contract with the owner

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Kurt Kwart
  • Specialist
  • Atlantic City, NJ
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Kurt Kwart
  • Specialist
  • Atlantic City, NJ
Replied Sep 16 2019, 08:06

Nice.  Are you wholesaling it or doing the rehab?

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Georgeanna Tracey Newmones
  • Real Estate Agent
  • Atlantic City, NJ
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Georgeanna Tracey Newmones
  • Real Estate Agent
  • Atlantic City, NJ
Replied Sep 27 2019, 04:31

I have a few investors in AC, can you contact me.