South Jersey Real Estate Investors Association

This Property is Not Active

11 Shirley St, Woodstown, NJ 08098

Single Family / 3 Bedroom(s) / 1.2 Bath(s)

Property Status:  Not Available | $109,000.00 | 

Property Photos

Wholesale Investment Property

Property Status:
Not Available | $109,000.00
Property Details:
Single Family / 3 BR / 1.2 BA
Property Style:
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:
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.
This property is available for purchase only with Cash, Hard Money, or Private Money.

11 Shirley St Woodstown, NJ 08098
Fix and Flip 

Wholesale Price: $109,000 
Rehab Cost:   $115,400 
After Repair Value: $305,000 
Projected Net Profit: $50,000

Property Information 
Building Type: Single Family Residence   
Bedrooms: 3
Bathrooms: 2.5
Square footage: 1990   
Real Estate Tax: $3,962
Vacant: Yes
Owner Occupied: No
Parking: No

Construction Details: it used to be a dance studio and its right in between residential houses. It’s pretty much down to the studs and the room are wide open.  
Approx. 2000 sq. Ft. Building.  Mostly open. Needs work but could be made in a very nice duplex. Nice neighborhood. Near schools.

Facade and Exterior: Block with A frame roof
Roof:  Shingles
Electric: Brakers
Heating: Gas
Plumbing: PVC
Laundry: No
Sewer: Public
Water: Public
Zoning: Residential

Projected Financials:  The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.

Investment Type          Cost                                 
Wholesale Price            $109,000  
Rehab Cost                  $115,400
Estimated closing costs  $9,000
Estimated holding costs    $9,000
Estimated selling costs (5% of ARV) $15,250
Total Initial Investment:    $257,650 

Net Profit Calculation                                                                                    
Estimated After Repair Value  $305,000 
Total Estimated Investment    $257,650
Projected Net Profit:              $47,350 

Comparables from the MLS used to determine ARV
Average Cost/SQFT: $170.06
Average Sold Price: $ 250,050.00
After Repair Value: $305,000.00

Address               Price Sold    Sold Date   Size (sf)   Year Built  Price per sf    Distance from 
                                                                                                            subject property (mi)

12 SHIRLEY ST    87,500.00     1/28/2019    1326  1950   65      0.01
5 MACALTIONER AVE 225,000.00  9/21/2021  1200   1946  187.5   0.11
9 MACALTIONER AVE 205,250.00  3/25/2022 1118   1955 183.58  0.13
38 CHESTNUT DR   412,500.00  7/21/2021  1698    1957  242.93  0.24
27 CHESTNUT DR   320,000.00   /7/2021  1868   1950    171.3    0.3

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

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Marlton, NJ 08053
(856) 663-1133

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