South Jersey Real Estate Investors Association

15350 Celeste Rd, Chunchula, AL 36521

Single Family / 4 Bedroom(s) / 2 Bath(s)

Property Status:  For Sale | $105,000.00

Property Photos

Wholesale Investment Property

Property Status:
For Sale | $105,000.00
Property Details:
Single Family / 4 BR / 2 BA
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Owner / Agent
Property Features:
No Property Features Listed.
Contact Info
Real Estate Acquisitions Co.
(609) 807-1497

View on Individual's Website
Property Description:
To see more details and pictures on the property please check the link:
All Properties are normally sold within 14 days from the date listed. Please check the status of the unit with us before beginning research on properties older than 14 days.
This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.
This property is available for purchase only with Cash, Hard Money, or Private Money.

15350 Celeste Rd, Chunchula, AL 36521 
Fix and flip/Rental  
Wholesale Price: $105,000
Fix & Flip
Rehab Cost: $5,000 
After Repair Value: $125,000
Projected Net Profit: $20,624
Rehab Cost: $5,000 
After Repair Value: $125,000
Yearly Net Cash Flow: $12,800
Cash On Cash Return:  12.43%
Cap Rate: 9.14%

Property Information
Building Type: Single Family
Bedrooms: 4
Bathrooms: 2
Square footage: 1,152
Real Estate Tax: $6,400
Vacant: NO 
Owner Occupied: NO 
Parking: YES 

Construction Details
No major contruction needed. Maybe painting at the most.
A huge lot which can be sub-devided.
-No major issues

Facade and Exterior: siding
Roof: Shingle
Electric: Circuit Breakers
Heating: Forced Air – oil
Plumbing: PVC
Laundry: NO
Sewer: septa
Water: Public Water 
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.

Fix and Flip
Investment Type                                       Cost                                 
Wholesale Price                                      $105,000
Rehab Cost                                            $5,000 
Estimated closing costs                           $2,500
Estimated holding costs                           $3,125
Estimated selling costs (5% of ARV)         $6,250
Total Initial Investment:                          $121,875

Net Profit Calculation                                                               
Estimated After Repair Value                    $125,000
Total Estimated Investment                      $121,875
Projected Net Profit:                                 $3,125

Comparables from the MLS used to determine ARV
Average Cost/SQFT:$122.65
Average Sold Price:$173,333.33
After Repair Value:$125,000.30

Address                            Price Sold     Sold Date     Size (sf)     Year Built    Price per   Distance from subject property (mi)
CHUNCHULA, AL               135,000.00   5/23/2022      1428          1992          94.54                      0.71
CITRONELLE, AL               255,000.00   4/25/2022      1479          2017         172.41                     2.28
CHUNCHULA, AL               130,000.00   7/19/2022      1287          1985         101.01                     3.57

Legal Disclaimer:
South Jersey Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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South Jersey Real Estate Investors Association

PO Box 689
Marlton, NJ 08053
(856) 663-1133

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