Bel Air Fix & Flip, Sparta NJ
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $280,000
Prior to purchasing Bel Air, it was evident that the property was in need of a top to bottom renovation. This 4 bedroom/3 bath home had been vacant for 10+ years.
How did you add value to the deal?
The property did not have any working mechanical functions; it had no A/C, a boarded up pool, and roof damage. The scope of work was daunting. We were able to install a new HVAC system, give the pool a complete overhaul with new internal components and replace the roof with new gutters and leaders. The interior and exterior received a complete rehab which included finishing the basement which was a great selling feature.
What was the outcome?
Property sold at $25,000 over list price.
