5 Unit Special in Middletown, NJ! Fix and Flip or Rental!

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5 Unit Special in Middletown, NJ! Fix and Flip or Rental!

Investor · Palisades Park, NJ · Member since 2015 · 165 posts · 29 votes

**Calling all Monmouth County, NJ Rehabbers, Landlords, and Investors!**

5 Units ($5,000/month potential) in Middletown, NJ for only $135,000!

Submit your offer today! 910-977-5504 or [email protected]

Google Maps: https://goo.gl/maps/b684iroHAcF2

This sweet deal has a strong rental potential or fix and flip. Priced at practically land value!

Property Features:

https://www.youtube.com/watch?v=8go6JMpS0uI&featur...
  • Multi-family
  • 3 Buildings on property
  • Building 1: 3 units, each with 1 bedroom, 1 bath, kitchen, living room, and dining room.
  • Building 2: Cottage with living room, eat-in kitchen, 1 bed and 1 bath.
  • Building 3: Smaller cottage with living room, eat-in kitchen, 1 bed, and 1 bath.
  • Gas Heating
  • 2 driveways for parking
  • Could be either a flip or rental
    • Total potential rent: $5,000/months ($1,000 per unit)
  • Can be a great turnkey property as well.

Neighborhood Features:

  • Close commute to New York City
  • Minutes to Ferry and Train

Property Financials

ARV: $450,000-$500,000

Estimated Repairs: $150,000-$175,000 (full gut rehab plus raising each structure)

ASKING PRICE: Only $135,000!!

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  • Monmouth County, NJ · Member since 2015 · 65 posts · 7 votes
    10y

    Cedric,

    is this property located in a now flood zone that was impacted by super storm Sandy..... 

    Thx

    Wally

  • Investor · Palisades Park, NJ · Member since 2015 · 165 posts · 29 votes
    10y

    Hi Wally,

    Yes, it's in a flood zone. FEMA AE 1% ACF.

    @Account Closed

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