2 Family Property - Irvington, NJ

2 Units + Partially Finished Basement w Bathroom + Driveway & 3 Car detached Garage
​Cash Flowing + Value Add Opportunity

Financial Details:

​​9 Becker Ter, Irvington, NJ

Conservative Pro Forma Cash Flow

Based on: 20% down - 4.5% int - 30 Yr
  • Unit 1 - 2BD/1Ba + Living Room, Eat-in Kitchen - $1,400 (market 1,700)
  • Unit 2 - 2BD/1Ba + Living Room,  Eat-in Kitchen - $1,200 (Market $1,700)
  • Basement - Partially finished with Full Bath
  • 3 Car Detached Garage

TOTAL RENTS: $2,600 monthly/$36,600Annual
TAXES: $7,217
INSURANCE: $1,800 (Estimated)
​
ASKING: $285,000
REHAB: $45k
ARV: $430k

Comps:
52 Adams St, Irvington, NJ (5 bd 2 ba)
Sold: $423,000 Sold on 02/28/22​

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

23 Howard St, Irvington, NJ (6 bd 2 ba)
Sold: $510,000 Sold on 01/24/22
​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