POSITIVE CASH FLOW MULTI-FAMILY 15 MINUTES FROM NEW YORK CITY
As most of you on Active Rain know, helping families out of a foreclosure situation is one of my favorite things to do.In most cases we help them stay in the home, but sometimes they want to walk away from it owing nothing. Like this case:
My latest client is foreclosing on this Multi-Family investment opportunity in Bayonne, NJ (15 minutes from New York City). She bought the house for $560,000 last year and after months of negotiation with the bank, they settled on $450,000 (commission included)!!!!
That's all fine and dandy but I am not a real estate agent and need to find a buyer for this home! PLEASE HELP.
PROPERTY DETAILS
3 Family (3 bedrooms 2 bath, 3 bedrooms 2 bath, top floor is mid construction 2 bedroom)
RENT INCOME: $1,350 + $1,350 + $1,000 (top floor when finished)= $3,700 Monthly Income
MORTGAGE PAYMENTS (standard 20% down) @6.25% = $2,950 (Taxes and Ins. INCLUDED)
Positive Cash Flow of $750/month!
Waiting list of pre-qualified tenants for the 2nd unit
Rents can be raised.
Section 8 Approved, checks come every month from the state.
CONTACT ME FOR MORE PICTURES/INFO
My problem is, I AM NOT A REAL ESTATE AGENT. Please tell your clients, family, friends about this opportunity
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Great property! Hope it sells quickly for you!