Summary
Three unit investment property with a bonus unfinsihed basement that can be finished for additional rental income. One unit will be delivered vacant at closing. The other two tenants are Month-to-Month.
PROPERTY INFO:
Unit 1: 2BR/1BA – $1200 (Market Rent - $1,800)
Unit 2: 3BR/1BA – $1200 (Market Rent - $2,200)
Unit 3: 3BR/1BA – $1300 (Market Rent - $2,200)
Basement - unfinished/no bathroom
Market Rent Pro Forma
Projected Monthly Cash Flow: $1,816
Annual NOI: $56,901*
*(Based on a rental loan at 30% down, 7.5% interest, and market rents per unit)
Additional Info:
1 Unit to be delivered Vacant
Street Parking
Bonus: Basement unfinished with separate Entrance
DISCLOSURE:
NOT FOR REDISTRIBUTION WITHOUT THE EXPRESS CONSENT OF NJ Fast Homebuyers, LLC OR ITS MEMBERS
YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investorsβ convenience, who must verify all estimated numbers independently. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of NJ Fast Homebuyers, LLC or its affiliates based on limited information and should be verified independently for accuracy. NJ Fast Homebuyers, LLC and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided.
RISK OF LOSS: Real estate investment is speculative in nature and risk of loss can be substantial. The recipient of this information should carefully consider whether such investing is suitable for them.
Assignor will collect a Non-refundable deposit of $10,000 via certified funds, to be held by the title office. This deposit will be applied towards the assignment fee and/or purchase price with the balance due at closing. This deposit is non-refundable and is not contingent on anything beyond a clear and marketable title. Contract is not considered "assigned" to any buyer until non-refundable deposit is collected by NJ Fast Homebuyers, LLC.
Documents
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
Bedrooms | |
Bathrooms | |
Sq. footage |
Deals nearby
Available
Sold