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Asking Price: $44,900

After Repair Value: $160,000

141 Washington Street
Phillipsburg, NJ 08865

Property Type: Single Family

Beds: 4

Baths: 1.5

Sq Ft: 1631

Attention All Investors! Large 4 Bedroom 1.5 bath colonial perfect for landlords and rehabbers. Located in the Town of Phillipsburg in beautiful Warren County New Jersey. Great location near shopping, restaurants, highways, and outdoor activities such as kayaking, tubing, jet skiing, fishing, and other activities on the Delaware River. This is a perfect project for you to make a quick return, or keep as a rental for a long-term investment. Home will need about $50k in repairs. Needs rebuilt front porch, replace some wood & paint, New gutters and downspouts. Roof is good only 13 years old. Some electrical work complete, needs boiler, and replace dinning room floor. Inside was renovated in 2008. Taxes for this property are $3,944.92 and properties in the area rent for approximately 1,200 - $1,400 per month. This property also comes with a fenced in yard and a 1 and a half detached garage. Public water and sewer. Use extreme caution on front porch as it needs to be repaired.
Comparables: (1) 265 Morris St Sold for $148k on 1/2018 (3 bed 2 bath 1,732 sq. ft. on .07 acres.) (2) 226 Irwin St Sold for $140k on 6/2017 (3 bed 1 bath 1,308 sq. ft. on .06 acres.) (3) 82 Summit Sold for $145k on 1/2018 (4 bed 2 bath 1,572 sq. ft. on .06 acres.) (4) 170 Lincoln St Sold for $162k on 12/2017 (3 bed 2 bath 1,334 sq. ft. on .02 acres.)

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