102 Michael Street, Buena Borough

Two words: INSTANT EQUITY! Anyone familiar with the Buena real estate market knows what homes can sell for! With an estimated ARV (After Repair Value) approximately $50,000 above the current asking price, this property presents an excellent opportunity for the savvy homeowner ready to roll up their sleeves, build sweat equity, and transform a house into their dream home! While the numbers may not leave enough room for most investors, this could be the perfect fit for an owner-occupant with the right financing. Please note that the property's current condition makes it unsuitable for FHA, VA, USDA, and state grant financing. Conventional financing may be an option for qualified buyers, and those familiar with a 203(k) renovation loan should consult their lender to explore the possibilities. Cash buyers are certainly welcome! This spacious 3-bedroom rancher features one full bathroom, plus a laundry room with existing hookups that offer the potential for a second bathroom. You'll also appreciate the full unfinished basement, public water and sewer, and a desirable location on a quiet residential street in Buena Borough. At this price point, renovations and some TLC should be expected. The property's current asking price already reflects the work needed, giving the right buyer an opportunity to invest in improvements and potentially build significant equity. Ready to unlock this home's potential? Call today to schedule your private tour and see if this is the opportunity you've been waiting for!

This listing is provided courtesy of eXp Realty - Montclair