Off-Market Property at 290 Asbury Anderson RD E, Washington, NJ, 07882
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290 Asbury Anderson RD E, Washington, NJ, 07882

$295,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $518 per day and long-term for an average of $3,950 per month, based on similar listings in the area. Estimated short-term cap rate of 20.3%. Estimated long-term cap rate of 6.4%. Opportunity is Knocking for Investors and contractors looking for a quick fix n flip in the desired Washington Township which is experiencing extraordinary growth. Situated on nearly an acre lot that backups into open space this Oversized Bi-Level house can be converted to a dream home. Level-1 has a kitchen, full bath, Family room with Fireplace, Den and a Bedroom with a side entrance. Level 2 has 3 bedrooms, full bath, Kitchen and Dining/Living Combo. Buyer is to perform due diligence, possible multi-family use. Sold as-is. The property needs major rehab. Go with Extreme caution!. Cash/203k Only

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$9798
Bedrooms
4
Bathrooms
3
SQFT
2,172
Furnished
unknown
Year built
1974
Listing Status
Off Market
MLS
2408100R

Short-term Rental Potential
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$88,560

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$135

Price/SQFT

Long-term Rental Potential
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$47,400

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$3,950/mo

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