412 Market St-Gloucester Available

  • $72,000
  • 4 beds
  • 1.5 baths
  • 2598 sqft

*To expand the pictures and see them in HD Please click on the large photo.

Wholesale Investment Property – ATTENTION – This deal has been structured as a Subject To Creative Purchase. This is a pre-foreclosure property.  The end buyer for this property will pay the existing mortgage arrears and liens and then take over the existing payments.   Those costs are INCLUDED with the wholesale price and the deal structure makes for a low entry cost for this property.

If you would like more information on this property or the deal structure please reach out to us.

All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.

This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.

This property is available for purchase only with Cash, Hard Money, or Private Money.

412 Market St Gloucester, NJ 08030

Rental

Wholesale Price: $72,000
Rehab Cost:   $65,000
After Repair Value: $230,000
Yearly Net Cash Flow: $14,664
Cash On Cash Return:  10.70%
Cap Rate:  6.37%

The above numbers are with rent stabilization. Currently owner occupied.

Property Information

Building Type: Multi Family
Bedrooms: 4
Bathrooms: 1.5
Square footage: 2598
Real Estate Tax: $5,855
Vacant: No
Owner Occupied: Yes
Parking; Street

Construction Details: Duplex currently used as a single family ( 4/1.5). Can convert back into its original configuration downstairs 1/1, Upstairs 4/1. Kitchen in each floor. Will need to put a shower downstairs and a kitchen upstiars since the current sellers removed them. One water heater is about 9 years, other needs replacement. 2 seperate electric panels and water meters. Roof has leaked in the past year. With your imagination and some Rehab convert this back into a cash flowing machine.

Facade and Exterior: Vinyl
Roof: architectural shingles
Electric: Gas
Heating: Gas
Plumbing: Cast Iron & PVC
Laundry: yes
Sewer: Public
Water: public
Zoning: Residential Medium- duplex

Subto Analysis :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recent Comparables from the MLS used to determine ARV

 

 

 

Price:
$72,000
Address:
412 Market St
Gloucester, NJ 08030
Square Feet:
2598
Lot Size:
4,931
Bedrooms:
4
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1880
Const. Type:
Multi Family

Call (609) 807-1497 for more details

Property Location