Property Description:

You won’t want to miss this absolutely beautiful brick corner lot row home in the ever growing town of Gloucester City. As you enter the home, you will be amazed by the unique architecture within the living room and dining room area. This home features 3 bedrooms, 1 full bath, full kitchen, formal dining room, living, covered front porch and a huge unfinished full basement with walkout to the huge backyard. This property completely turnkey and currently tenant occupied. You have have to do anything but buy and start cashing checks. Please contact us and schedule your private tour NOW. Please place your offers TODAY. You can steal this home from us for a cool $60,000… Please do not hesitate on this one. Call us NOW This property is being sold in it’s “AS-IS” condition. The seller will not make any repairs to the subject property and all inspections, certifications, CO’s and CCO’s needed prior to the sale of this property will be the buyers responsibility of the buyer at his or her sole cost. ASKING: $60,000 EST. REPAIRS: $7,000 (all handyman work) TOTAL INVESTMENT: $67,000 ARV: $95,000 EST. POTENTIAL PROFIT: $27,000 ROI: 55% RENTS: $1,150/MONTH GROSS OPERATING INCOME: $13,800 ANNUAL EXPENSES: $3,751 NET OPERATING INCOME: $10,049 CAP RATE: 15% COMPS: 512 Ridgeway Street, Gloucester City, NJ 08030, 3 bed, 1.5 bath SOLD, 9/14/17 for $86,000 607 Ridgeway Street, Gloucester City, NJ 08030, 3 bed, 1 bath 1,213 sqf SOLD 11/03/17 for $79,900 318 Powell Street, Gloucester City, NJ 08030 3 bed, 1bath 1,290 sqf SOLD 10/13/17 for $95,000