ATLANTIC CITY RENTAL OR FLIP INVESTOR SPECIAL HUGE ROI

Atlantic County, Atlantic City, NJ, 08401
Sold
Listed at: August 30th, 2024
Price
$115,000
ARV
$225,000
Gross Margin
$110,000
Sq. Footage
1064
Type
Single-Family
Parking
On street
Year build
1900
Lot size
0.03 acres
Bedrooms
4
Bathrooms
2
Half Bathrooms
0
Summary

DETAILS

  • CONTRACTOR INSPECTION CONFIRMED POTENTIAL FOR 4 BED 2 BATH
  • 1064 SF
  • 1211 SF LOT
  • LOW TAXES - $2,312

RENTS

  • City of Atlantic City currently experiencing housing shortage and is releasing more Section 8 Vouchers, Section 8 estimate is $2400 for a 3 bedroom, possibly more for 4 bedroom
  • Market Estimate - $2300-$2600

ARV

  • $225k-$235k as a 3 bed
  • $265k-$275k as a 4 bed

REHAB ESTIMATE

  • $60k 

COMPS

  • 600 N Ohio Ave - $225k
  • 325 N Ohio Ave - $225k

ASKING

  • CASH OPTION - $115,000

    • $7,500 non refundable EMD

 

Proof of Funds required before access is granted.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Phil Chehet

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Disposition manager