Quick Fix Single Family Attached with 12% ROI in Newark, NJ

[Cedric Stout]

**Calling all Buy & Hold investors, rehabbers, and landlords in Newark, NJ (Essex County)**

Quick Fix Single Family Attached with 12% ROI in Newark, NJ!

This single family attached in Newark, NJ is up for grabs at a great price. This will be a great deal for a buy-hold strategy, or even for a quick fix and flip. It’s in good condition and would need a little bit of cosmetic TLC to get it back up to speed. It’s conveniently located close to downtown Newark and near transportation to New York City. This would make a great rental property, especially with the low property taxes! 12% Return on Investment (net all expenses, including rehab).

Google Maps Streetview: https://goo.gl/maps/4LjsvjwWraH2

Property Features:

• Single Family Attached
• 2 Bedrooms
• 1 Bathrooms
• 1,120 Square Feet
• Built 1897
• 2 Stories
• 2 Bedrooms
• 1 Bathroom
• Partially above ground basement (easily converted to 3rd Bedroom)
• Gas Heating
• One shared wall with house next door
• Roof and Gutters replaced within last few years
• Washer, dryer, and refrigerator included

Rental Features:

• Property Taxes (2014-2015): $2,124.18
• Approximate Rent: $1,000/month
• 12% Cap

Neighborhood Features:

• Located near the Newark Basilica
• Walking distance from Downtown Newark
• Near commuter trains to NYC

Property Financials*

Estimated ARV: $90,000+

Estimated Repairs: $10,000 (New boiler, replace carpet, repair cement stairs leading to front door, replace wall paper with paint, paint walls)

ASKING PRICE: $42,000

*Buyers are responsible to perform their own due diligence to determine if purchase is suitible for their investment objectives.

Don't miss out on this great deal! Submit your offer today! To schedule a showing, call or text Cedric at 910-977-5504, or simply respond to this email. 

To join my buyer's list, please visit: www.stoutinvestments.com