Moderate Rehab Needed  

flooring/carpet, paint, kitchen and bath updates, general cosmetics, 

and servicing/evaluation of older mechanicals.”

💰 After Repair Value (ARV): $350,000
🔧 Repair Estimate: $40,000
💸 Discounted Asking Price: $209,900
💵 Potential Profit / Spread: $80,000++

🔥 Multiple Exit Strategies – Choose How You Win

1. Rehab and Sell – Strong Flip Opportunity

Purchase 240 Glenn Ave, Blackwood, NJ 08012 at the discounted asking price of $209,900, invest approximately $60,000 in renovations, and resell at an estimated After Repair Value (ARV) of ~$350,000.

Basic Flip Economics:

$350,000 ARV
− $209,900 Purchase
− $40,000 Rehab
= $80,100 Gross Spread

After estimated holding, financing, closing, and resale costs, the deal could potentially produce approximately:

Rehab and Sell:
💰 ~$55,000 – $60,000 Potential Net Profit

2. Rehab and Hold – Long-Term Rental Play

Purchase the property, complete the moderate renovation, and hold it as a long-term rental.

The renovation would primarily involve items such as:

• Flooring/carpet
• Interior paint
• Kitchen updates
• Bathroom updates
• General cosmetic improvements
• Servicing/evaluation of older mechanical systems

The property is a 2-bedroom / 1-bath single-family home, which could appeal to investors looking for a smaller rental with a lower overall acquisition basis.

Estimated Renovated Market Rent: $2,400/month
🏠 Buyer to verify current rental rates

✔️ Long-term appreciation potential
✔️ Tenant pays down debt over time
✔️ Potential refinance opportunity after renovation
✔️ Smaller single-family rental footprint

3. Short-Term Rental / Airbnb Potential

An investor could also investigate operating the property as a furnished short-term rental.

This strategy could potentially generate higher gross income than a traditional lease, depending on occupancy, nightly rates, operating expenses, and demand.

Short-Term Rental Income:
🛏️ Buyer to verify market demand and projected revenue

⚠️ Buyer must verify Gloucester Township/Blackwood zoning, licensing, permitting, and short-term rental regulations before relying on this strategy.

4. Midterm Rental – Furnished 30–90 Day Stays

Another potential strategy is furnishing the property and targeting:

• Traveling professionals
• Contractors
• Insurance-placement tenants
• Families relocating or renovating
• Other 30–90 day occupants

Midterm rentals can potentially command a premium over traditional rents while requiring less turnover than nightly rentals.

Estimated Midterm Rental Income:
📆 Buyer to verify current furnished-rental demand and rates

✔️ Longer stays than Airbnb
✔️ Potential rent premium
✔️ Less turnover

✔️ Additional exit flexibility

🎯 Investor Takeaway

240 Glenn Ave offers several potential exit strategies, including:

• Flip: ~$350K projected ARV with ~$40K renovation
• Long-term rental: Rehab, refinance, and hold
• Short-term rental: Potential furnished rental strategy
• Midterm rental: Target traveling professionals and temporary housing demand

At a $209,900 asking price, the headline flip economics provide approximately $80,100 of gross room between purchase + rehab and projected ARV before financing, holding, closing, and selling expenses.

Whether the buyer's goal is a quick resale, long-term equity, or rental income, the property provides flexibility—but the rental strategies should be independently verified before being presented as guaranteed income.

I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! 

All deals are cash, hard money or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. 

I am not the owner of record. I am not a realtor nor do I portray myself as one.

All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is.

·       Buyer must complete all due diligence before submitting an offer and executing any contract.

·       Buyers will need to provide a $5,000 non-refundable deposit at time of contract.

·       Buyer will be responsible for all closing costs unless otherwise indicated.

·       Closing is an assignment of our contract with the seller to the end buyer.

·       Buyer to pay $595 closing fee for transaction coordination.

We are experienced real estate investors in New Jersey and specialize in providing you the best off-market properties.