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 |