This colonial home property is a real investors DREAM in Montclair, NJ! Great location, but just needs a contractor and/or builder to restore the original beauty of this home.At $156,800 and your magic touch, home will have a nice ARV–possibly over $535K if you deck out the home with high grade materials, expected the ARV closer to $600k+ range! The market is rife with cash investors now, so what are you waiting for? Montclair NJ is a hotbed with limited inventory, but there are numerous towns in NJ that are perfect for buying and holding or if you’re up for the challenge–flipping the home for profit. Certain properties required a construction loan if the home isn’t habitable in its current condition (AKA–needs plumbing, major renovation, etc).
Real Estate Investors dream about finding that home for a steal and having a great resale value. But it seems EVERYONE has CASH so properties like this get scooped up quickly!
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