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MUST SELL IMMEDIATELY\Short sale approvec\Cash Cow


$254,900.00

• 6 bedrooms • 2.0 bathrooms • 1900 square feet


West Orange, NY • 11/11/2008

Address>> 264 Watchung Ave, West Orange, NJ 07052 ( 2 Family )

ASKING = 254,900
Appaised\Comps\ARV = $299,000 ( low end )
Repairs = $25k
Potential Profit = $25,000 ( low end )

Description>> 1st Unit: 3 bed, 1 bath, already rented at $1400 per month, tenants want to stay.2nd Unit: 3 bed, 1 bath, already rented at $1350 per month, tenants want to stay.3rd Floor Bonus Unit: 2 BR, 1 BA, Vacant - Needs Kitchen, Bath, some sheetrock, carpet, paint, and cleanup - Est. at $15k, unit can be rented for $1000 per month after rehab.Basement Unit: Living Room/Bedroom studio, 1 Full Bath, low ceilings, Vacant - Needs Kitchen, paint, carpet, cleanup, possible mold issue only in one small storage room that would need attention - Est. rehab at $8k - $10k, unit can be rented for $400 per month after rehab.Requirements>> Must provide proof of funds before showing

Comments: Here are your best options for this monster: Buy the house AS IS for $255k and collect $2750 per month rent from the current tenants; or buy the house, immediately collect the rent from 1st & 2nd unit, rehab the 3rd floor unit and the basement unit for a total of $23k, then rent out those units too bringing your total monthly collected rent to $4150 for all four units. This deal is literally a cash flowing cow, email me now while its still available. Click the link below to see pictures of the property. The 1st & 2nd unit are exactly the same - tenant occupied, no work needed.

Requirements>> Must provide proof of funds before showing

Contact Info>>
Tab , 1.212.738.9668 Ext-11000
http://www.postlets.com/res/148...

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Posted by: Tab T.

Located: 264 Watchung Ave, West Orange, NY


Contact: TabRuby2008@gmail.com



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