1000 sqft 2 bedroom in Gloucester City NJ

[Jae Hee Hwang]

Investment Info:

Single-family residence buy & hold investment in Gloucester City.

Purchase price: $42,000
Cash invested: $42,000

1000 sqft 2 bedroom
from MLS
Cash deal
Turn-key

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

The income potential was very high and even though there are no signs of gentrification, Philly next door is gentrifying so we were hopeful for some spill over effects eventually. The city is 15 minutes from Center City Philadelphia, and is safer than some parts of Philly and Camden county.

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

MLS

How did you finance this deal?

Cash