Elizabeth_1

                                

450 Elizabeth Ave., Elizabeth, NJ:
(4 Residential Units, 1 Commercial Unit)

Washington Mutual lent the borrower $513,750 on April 30, 2007. Strategic Holdings purchased the note for $372,477. There is a receiver in place collecting the rents for Strategic Holdings until the foreclosure sale has been completed. $6,500/month in rents are currently being collected. 

DETAILS

Note Balance: $492,794
Acquisition Price: - $372,477
Costs:  
Potential Profit $120,317