South Jersey Real Estate Investors Association

2 Decou Dr, Morrisville, PA 19067

Property Status: Available |  For Sale: $219,521.00

3 Bedrooms / 1.5 Baths / Single Family

Property Photos

Wholesale Investment Property

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $219,521.00
Property Details:
3 Bedrooms / 1.5 Baths / Single Family
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
To see more details and pictures on the property please check the link: Wholesale Investment Property – Fix & Flip or Duplex Rental 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. 2 DECOU DR MORRISVILLE, PA 19067 Fix & Flip or Duplex Rental Wholesale Price: $219,521. Rehab Cost: $46,000 After Repair Value: $348,973 Projected Net Profit: $52,046 Property Information Building Type: SINGLE FAMILY RESIDENCE + separate Mother In Law Suite or (Duplex Rental) Main House Bedrooms: 3 Bathrooms: 1.5 Mother in Law Suite – Rents for $970 a month. Bedrooms: 1 Bathrooms 1 The suite includes: Eat-in Kitchen, Living Room, Storage Room —— Square footage: 2231 Lot size: 7,956 Real Estate Tax: $6,055 Occupancy: Occupied Parking: Driveway Construction Details Facade and Exterior: Vinyl Siding and Brick Roof: Shingle Electric: Breakers Heating: Gas. Forced air 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 $219,521. Rehab Cost $46,000 Estimated closing costs $6,979 Estimated holding costs $6,979 Estimated selling costs (5% of ARV) $17,448 Total Initial Investment: $296,927 Net Profit Calculation Estimated After Repair Value $348,973 Total Estimated Investment $296,927 Projected Net Profit: $52,046 Rental Analysis 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) 10 OAK AVE YARDLEY, PA 348,500 4/11/2019 2309 1965 150.93 0.22 473 HAMILTON BLVD MORRISVILLE, PA 240,000.00 4/26/2019 1610 1964 149.06 0.23 456 HAMILTON BLVD MORRISVILLE, PA 293,000.00 1/17/2019 2247 1962 130.39 0.28 501 N LAFAYETTE AVE MORRISVILLE, PA 270,000.00 6/20/2019 1920 1940 140.62 0.29 19 WILFRED DR YARDLEY, PA 369,000.00 5/3/2019 2031 1950 181.68 0.3 203 ARBORLEA AVE YARDLEY, PA 499,900.00 5/29/2019 2690 1970 185.83 0.37 Average Cost/SQFT: $156.42 Average Sold Price: $336,733.33 After Repair Value: $348,973.02

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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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