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Investors Dream Come True!

Investors Dream Come True!
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Posted By:
Ray Clark
Posting ID:
Elizabeth, New Jersey
 fsbo   huge   profit   investment   property   quick   sale   blow   out   foreclosure   immediate   possession 
Listing Type:Single Family For Sale
Living Area:1900 Sq Ft
Lot Size:5100
Year Built:1955
31 Galloping Hill Rd
Elizabeth, NJ 07208

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My home is a custom built ranch (that my parents built back in 1955). It has three bedrooms upstairs (2 large and one medium sized) 2 full baths (one upstairs with a tub and the second down stairs with a shower stall) large living room & dining room, eat-in- kitchen, 1 car attached garage, utility room with washer & gas dryer, gas hot water/radiator furnace and gas water heater, and finished basement with a refrigerator and electric stove/oven, & large fenced in backyard. The adjoing neighbors are great and keep an eye on things all of the time. The house has a central station alarm system installed. All utilities are public and there is high speed internet from Cablevison. I had two contracts last year for $220,000 within 1 week of listing it for $$245,900, "AS IS". The first one fell apart when the mother who was going to co-sign for the kids lost her job. The second one I blew off because I was not mentally prepared to empty out the house after watching my mother wither away to nothing after a year and a half. I know exactly what I owe the bank ($170,000) and only want ($25,000) on top of that. After that all of the profit is yours. You pay the closing costs for both of us which should be $5,000. I want someone with cash in the bank (not someone that has to finance it). There are no liens on the house or property. You can do the title search and inspection in a couple of days. I want to sell this house immediately and I am willing to sacrifice the additional equity to accomplish this. The house appraised for $276,900 last year, and will probably be valued higher this year since the market is up where the house is located. The house is located on the border line of Roselle Park and Elizabeth. It is in the premier neighborhood/ location of Elizabeth, just minutes from the Garden State Parkway and Turnpike. There are several fine public, private, and religious schools near the house. The neighborhood is neat, clean and well kept with side walks. The street has a warm homey feeling when you drive down it. The closest hospital is 15 minutes away in rush hour traffic. The taxes are $8,386.18 for 2010 and current. The lot is 730.B and the block is 10. Lot dimensions are 51 X 100. The land is assessed at $11,100 and the Improvements are $29,700. There is approximately 18,500 square feet of living space. The finished basement can be used as an additional living space for a family member(s). It will probably sell immediately for $235,000 "AS IS" which should leave you a profit of $35,000 after all fees, without lifting a finger for repairs. The physical street address is 29-31 Galloping Hill Road, Elizabeth, NJ. Call Ray Clark 732-581-7720

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