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Asking Price: $45,000

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 $30k 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) 170 Lincoln Rd Sold for $162k on 12/15/2017 (3 bed 1.5 bath 1,344 sq. ft. on .20 acres.) (2) 173 Washington St Sold for $160k on 1/20/2018 (3 bed 1.5 bath 1,628 sq. ft. on .30 acres.) (3) 375 Pursel St Sold for $152,520k on 5/9/2017 (4 bed 1 bath 1,522 sq. ft. on .18 acres.) (4) 406 Wilson St Sold for $153k on 2/28/2017 (3 bed 1.5 bath 1,696 sq. ft. on .13 acres.)

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