2 Family Property - Irvington, NJ

2 Units + Driveway & 2 Car detached Garage
​Cash Flowing + Value Add Opportunity

Financial Details:
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721 18th Ave, Irvington, NJ
  • Unit 1 - 2BD/1Ba - $1,500
  • Unit 2 - 2BD/1Ba  $1,500
  • Basement
  • 2 Car Detached Garage

TOTAL RENTS: $3,000 monthly/$36,000Annual
TAXES: $7,992
INSURANCE: $1,200 (Estimated)
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ASKING: $312,000
REHAB: $45k
ARV: $431k

Comps:
731 18th Ave, Irvington, NJ 07111 (4 bd/2 ba)
Sold: $460,000 Sold on 03/25/22

34 Chestnut Ave, Irvington, NJ 07111 (4 bd/2 ba)
Sold: $425,000 Sold on 05/05/22

457 14th Ave, Irvington, NJ 07111 (5 bd/2 ba)
Sold: $430,000 Sold on 04/13/22

Conservative Pro Forma Cash Flow

Based on: 25% down - 5.25% int - 30 Yr

​YOU MUST VERIFY ALL INFORMATION PROVIDED INDEPENDENTLY: Any estimates or information provided are for real estate investors’ convenience, who must verify all estimated numbers independently. ANY information regarding specifications, characteristics, or condition of this property, neighborhood, or investment strategy (including, but not limited to, as-is property square footage measurements or as implied by property expansion through construction) is an unverified assumption of Germain Realty Investment Group or its affiliates based on limited information and should be verified independently for accuracy. Germain Realty Investment Group and its affiliates assume no liability, either expressed or implied, for the accuracy of any estimates or information provided