🆕👉 Cash Flowing 3 Bed Cape Cod in Woodbury NJ

[Dennis Pressey Jr]

Rare opportunity to grab a CASHFLOWING 3 Bedroom Cape Cod in the heart of Woodbury NJ!

This property is a well maintained property with an always current tenant of 8 years! This tenant has never been late (even during covid) and is under a formal, legal lease including deposits and rental history.

This property is turnkey, cashflow from day 1...

The home has a fenced yard including a sizeable backyard with a full size man door entry to the basement. The first level of the home includes 2 beds, bath, eat-in dining room and kitchen.

The second story includes a 3rd bedroom in a full size attic.

Roof was replaced 1.5 years ago. Hot water heater replaced 1 year ago.

**Zestimate is $247,000 for reference**

Current Financials:

Rent Rate: $1655 ($2,350 FMR)

Rent Payment: direct deposit on the 5th of every month

Property Taxes: $5400 /year

Utilities: tenant pays water, sewage, gas and electric!

Estimated Repairs/Updates: $30,000 (for max ARV and FMR)

• modernize kitchen and appliances
• luxury bathroom (builders grade)
• update upstairs third bedroom
• interior painting
• upgrade windows and exterior paint
• replace basement door

ARV: $269,000 - $299,000 FMR: $2,200 - $2,350

Potential Profit: $40,000 - $60,000

Comparable Sales within Last 6 Months:

• 752 Wick Blvd Woodbury | $295,000
• 177 Dubois Ave Woodbury | $295,000
• 217 Colonial Ave Woodbury | $285,000
• 13 Dubois Ave Woodbury | $258,000
• 320 Edith Ave Woodbury | $255,000
  

Your Next Setps:

1. 1. Make Your Best Offer
   (make offer here or send us a text)
2. 2. Place Deposit and Execute Assignment Agreement
3. 3. Complete Inspections and Due Diligence
4. 4. Close Per Terms of Original Agreement
   
   

Disclaimer And Details:

Property inspections ARE allowed with POF. This is a Contract Assignment that is prepared to close.

You are expected to perform your own due diligence and assess value. Any information provided here is in good faith only and not intended to be legal advice.

Ready to close with no encumbrances or delays.