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7 US HIGHWAY 130, Bordentown, NJ 08620

Property Status: Available | For Sale: $109,761.00


3 Bedrooms / 1 Baths / Single Family


Property Photos


Wholesale Investment Property


Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $109,761.00
Property Details:
Property Style:
2-Story
Year Built:
1850
Finished Sq Ft:
1,216
Basement:
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
To see more details and pictures on the property please check the link: https://www.realestateacquisitions.co/property/7-us-highway-130-bordentown-nj-08620/ 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. Wholesale Investment Property  Wholesale Investment Property  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. 7 US HIGHWAY 130 - BORDENTOWN, NJ 08620 Fix & Flip Wholesale Price:  $109,761 Rehab Cost:  $30,000 - Update Kitchen - Update Bathroom - Refinish interior walls - Refinish Interior floors - Finish 3rd bedroom on the first floor - Waterproof basement After Repair Value: $188,042   based on mls comps (see comps below) Projected Net Profit: $31,743 = 16% ROI Property Information Building Type: SINGLE FAMILY RESIDENCE Bedrooms: 3 Bathrooms: 1.0 Square footage: 1216 Lot size: 9,324 Real Estate Tax:  $4,709.25 Occupancy: Vacant Parking: Driveway Construction Details Facade and Exterior: Roof: Singles Electric: Breakers Heating: Hot water Plumbing: Copper Laundry: Yes 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   $109,761 Rehab Cost $30,000 10% Rehab Hedge  $3,000 Estimated closing costs  $3,760 Estimated holding costs   $3,760 Estimated selling costs (5% of ARV)  $9,402 Total Initial Investment:  $156,299 Net Profit Calculation    Estimated After Repair Value $188,042 Total Estimated Investment  -$156,299 Projected Net Profit:   $31,743 ROI: 16% Comparables from the MLS used to determine ARV Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from subject property (mi) 3 US HIGHWAY 130  TRENTON, NJ 235,000 1/7/2019 1305 1950 180.07 0.01 815 EAST DR BORDENTOWN, NJ 201,000.00 1/29/2019 1107 1946 181.57 0.82 18 GRAND AVE TRENTON, NJ 235,000 9/14/2018 1198 1970 196.16 0.84 19 ELM AVE BORDENTOWN, NJ 128,750 10/24/2018 1160 1952 110.99 0.9 11 PINE AVE BORDENTOWN, NJ 215,000 11/15/2018 1360 1950 158.08 0.93 755 MISSION RD TRENTON, NJ 106,000 2/14/2019 1050 1920 100.95 0.96 Average Cost/SQFT: $154 Average Sold Price: $186,791 After Repair Value: $188,042 (Subject Sqft X Avg Comp)

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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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