343 4th Street Condo in Jersey City, NJ

[Adam Scovill]

Investment Info:

Condo fix & flip investment.

Purchase price: $190,000
Cash invested: $10,000
Sale price: $382,000

Buy early in improving area, fix, rent cash flow positive for 6 years, and sold 6 years later with $182,000 profit.

What made you interested in investing in this type of deal?

The public funds going towards improving downtown Jersey City.

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

local realtor

How did you finance this deal?

conventional loan

How did you add value to the deal?

refinished floors, paint, new fixtures and new kitchen appliances and backsplash

What was the outcome?

$182,000 profit