Fix And Flip

Fix and Flip Opportunity in South New Jersey

153 Kings Hwy, Mt Royal, NJ 8061

$420,000 After Repair Value -
$260,000 Asking Price -
$75,000 Cost of Repairs =
$85,000 Potential Profit

Property Details

Asking Price $260,000

After Repair Value $420,000

Costs of Repairs $75,000

Potential Profit $85,000

Living Area 1919 ft2

Property Type Single Family House

Bedrooms 5

Bathrooms 2

Half Bathrooms N/A

Parking 2

Listed with Agent 1

Property Description

Fix & Flip opportunity in Mount Royal, NJ. 5 bedroom, 2 bathroom, 3-story house w/ unfinished basement. This property is located just a stone\'s throw from great restaurants, bars, shopping, open space/public parks, etc. Situated just minutes away from I-295 and NJ Turnpike for easy highway access to the Jersey Shore, North Jersey, Pennsylvania, Delaware, etc. Investor owner presented with additional prioritized projects, so selling at cost.Financials:Price: $260,000Renovation Cost: $75,000 (Construction Contract in place, but do not need to use) 12 week renovation scheduleDemolition completeMarket ARV: $400,000 - $420,000

Repairs Needed

Full home renovation. Most of demo complete. Landscaping and roof. Brand new appliances on site ready for installation ($3,400).

CONTACT LISTING OWNER

Jonathan Busam

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