Off market deal below market value in North Middletown NJ 07748

Description

159 Morningside Avenue,
North Middletown, NJ 07748
**IDEAL PROPERTY INVESTMENT* *

**LOCATED NEAR SEVERAL PARKS AND BEACHES!!*

SALE PRICE – 250K
ARV – 340K
REPAIRS – 40K
MARGIN – 90K

Investment Highlights:

📝 Assignment Fee: 15K Included In The Asking Price

🏠 Property Type: Single-Family Home

🛏️ Bedrooms: 2

🛁 Bathrooms: 1

📐 Square Footage: Approximately 704 SqFt | LOT SIZE 5,000 SqFt Double Lot!

📊 ROI Potential: High

🏢 Rental Income: Attractive

📌 Tenant Status: Tenant vacates property on March 1st, 2024

📍 Location: Located in Monmouth County, this charming tow offers an idea location for those seeking a tranquil yet convenient lifestyle. Situated just 35 miles south of New York City, Middletown provides easy access to the city while maintaining a peaceful suburban atmosphere. With its proximity to major highways such as Garden State Parkway, Route 35 and NYC Ferry Service, commuting to neighboring town and cities is a breeze. Middletown boasts an abundance of natural beauty, with picturesque landscapes and scenic waterfront views.

⚡ Residents have access to several serene beaches along the coastline, just a short drive away!!

⚡ The town is surrounded by beautiful parks, including the expansive Thompson Park, which offers various recreational activities such as hiking trails, picnic areas, and a lake for boating and fishing!!

⚡ Families with children will appreciate the highly regarded school district, which ranks amongst the top in the state!!

⚡ This property features a back Patio Deck with large backyard space!!

Act quickly, as opportunities like this tend to be snatched up quickly!! Don’t miss out on this incredible deal!!!

SALES COMPS & DATES:

17 Nevada Avenue, North Middletown NJ 07748

2 Beds 1 Bath

672 SqFt

$357,000

Sold On 05/25/23

ZEstimate: $379,700

18 Bay Avenue, North Middletown NJ 07748

2 Beds, 1 Bath

705 SqFt

$340,000

Sold On 10/13/23

25 Monmouth Avenue, North Middletown, NJ 07748

2 Beds, 1 Bath

828 SqFt

$340,000

Sold On 06/26/23

509 Morningside Place, North Middletown, NJ 07748

2 Beds, 1 Bath

678 SqFt

$325,000

Sold On 11/09/23

83 Monmouth Avenue, North Middletown, NJ 07748

2 beds, 1 Bath

928 SqFt

$345,000

Sold On 03/22/23

469 Center Avenue, North Middletown NJ 07748

2 Beds, 1 Bath

830 SqFt

$389,900

Sold On 12/29/23

ZILLOW RENTAL COMPS:

246 Seabreeze Avenue, Middletown NJ 07748

2 beds, 1 Bath

$2,300/month

House For Rent

11 Lakewood Avenue, Keansburg, NJ 07734

2 Beds, 1 Bath

936 SqFt

$2,499/month

House For Rent

21 Collins Street, Keansburg, NJ 07734

3 Beds, 1 bath

$3,000/month

House For Rent