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Investor Special🚨Exclusive Buy N Hold Opportunity (Glassboro,NJ)

Investor Special🚨Exclusive Buy N Hold Opportunity (Glassboro,NJ)



  Investor Special128680Exclusive Buy N Hold Opportunity Glassboro,NJ
 

 
Ad id: 1108177796721644
Views: 7
Price
$244,000.00

Priced to sell "Exclusive Rental" Opportunity in the Hottest Rental Market of Glassboro,NJ
"Home of Rowan University"

Details: 260 High St E, Glassboro.NJ 08028
Bedrooms: 10
Bathrooms: 5
Type: Single Family
Living Area: 4337 Sqft
Design: 3-Story
In-ground pool
Lot Size: 2.13 Acres

Description:
There are hardwood floors throughout the house. The basement consist of 5 rooms. There are 2 bedrooms and 1.5 bath on the ground floor, 5 bedrooms and 2 bathrooms on the 2nd floor and 3 bedroom, 1 bath apartment on the 3rd floor. There is a fabulous in-ground pool which was renovated few years ago . New heating unit was put in 3 years ago. The house has city sewer, city water and gas. Plenty of room for backyard activities. It is (0.8miles) from Rowan University, close access to public transportation and is within walking distance of local facilities and amenities. Plenty of parking space on the property.
Below is the projection if you decide to use the entire property as a college rental or a group rental to generate $6,000 or more every month.

Rental Scenario:
Projected Annual Operating Income
Potential Gross Rent $72,000
Taxes $12,000
5% Vacancy $3900
Insurance $2800
Misc $4000
Potential Net Operating Income $49,300
ROI 16.76% (this includes $50k worth of work + Acquisition)

Asking Cash Price: $244,000
After Repaired Value: $471,000
Rehab Cost: $50,000
Potential Equity $177,000


There is tremendous value in this property, Huge Potential and excellent return.
Real Estate Market in Glassboro is Hot
Won't Last!!! For more details
Serious buyers only
Call or Text

 
 
 
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Last Updated on: December 17, 2017
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