Property Details

Wright Ave 2 Family House Journal Square, Jersey City

  • 11 yard
  • _K1A6770
  • _K1A6762
  • _K1A6771
  • _K1A6775

Gut renovation 2 family REO

Buy-Hold cash Flow ARV 30% - Completed
4 Bedrooms2 Bathrooms  Add to Favorites Print

Purchase Price 230,000
Rehab/Repairs 75,000
Total Cost  305,000
After Repair Value  395,000
Increase in Value 90,000
Market Rent/Mo.  3,150
Capitalization Rate 9.84%

Improvements and Rehab
Gut renovation 2 family REO housein Journal Square, Jersey City
‐ New energy efficient heating and boiler systems, insulation
‐ new kitchens, appliances
‐ new baths,  windows
‐ expanded open layout living area
‐ new flooring
‐ masonry repairs to front steps
‐ laundry closets, doors, trim

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