South Jersey Real Estate Investors Association


1622 Philadelphia Ave, Egg Harbor City, NJ 08215

4 Bedrooms / 3 Baths / Single Family

Property Status: Available (Wholesale) |  For Sale: $130,000.00


Property Photos


Egg Harbor City Flipper Special! 65% ARV - Repairs! Crazy Return!


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $130,000.00
Property Details:
4 Bedrooms / 3 Baths / Single Family
Property Style:
1-Story
Finished Sq Ft:
2,672
Basement:
Finished Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
Sunset Property Group
(609) 381-0720

View on Individual's Website
Property Description:

1622 Philadelphia Ave Egg Harbor City NJ 08215
1600 Philadelphia Ave #1614 Egg Harbor City, NJ 08215
1636 Philadelphia Ave #1646 Egg Harbor City, NJ 08215
2672 Sq Ft
1.6 Acres Land
4 Bedroom 3 Bath
Single Family Residence
ASKING - $130,000.00

This beautiful home in Egg Harbor City is a flippers dream! This property sits one block from Cedar Creek High School. Accompanying this property are two full size vacant lots – between the three lots the total lot size is 1.6 acres. The backyard is just right for grilling, chilling, & enjoying the fresh air. There is a basement with a full bar to enjoy any party. This beautiful brick home needs minimal renovation but has extreme potential. Put minimal work in & put it on the MLS or put more work into it & flip for maximum ARV! It is your Choice!
Comparable Properties Sold in last year close to property –
4800 Moss Mill Road, Egg Harbor City NJ 08215 – 2468 sq ft, $303,500 - $122.97 PPSF
4916 Moss Mill Road, Egg Harbor City NJ 08215 – 2245 sq ft, $300,000 - $133.63 PPSF
5474 Duerer Street, Egg Harbor City NJ 08215 – 2500 sq ft, $287,000 - $114.80 PPSF
1701 Liverpool Ave, Egg Harbor City NJ 08215 – 1944 sq ft, $239,290 - $123.09 PPSF
1707 Liverpool Ave, Egg Harbor City NJ 08215 – 2169 sq ft, $233,990 - $107.87 PPSF
Average Sq Ft - $120.47
After Repair Value = (2672 sq ft)*($120.47 per sq ft) = $321,895.84
Investor Calculations:
Fix & Flip
65% of ARV ($321,895.84) = $209,232.30
Repairs: $32,500
Painting: $7.5k
` Bathrooms: $10k
Flooring - $10k
Cleaning: $500
Doors: $500
Landscaping: $1k
Miscellaneous - $3k
(65% of ARV) $209,232.30 – (Repairs) $32,500 = $176,732.30
Purchase: $130,000
Return: $159,395.84

Buy & Hold
Rental Income - $1600.00
Expenses - $1,029.83/Month
Taxes - $829.83
Insurance - $125.00
Water/Sewer - $75.00
Net Income - $570.17 per Month / $6,842.40 per Annual



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

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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