South Jersey Real Estate Investors Association

412 Market St, Gloucester City, NJ 08030

Multiple Family / 4 Bedroom(s) / 1.5 Bath(s)

Property Status: Available |  For Sale: $185,000.00

Property Photos

Wholesale Investment Property

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $185,000.00
Property Details:
Multiple Family / 4 BR / 1.5 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

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Property Description:
To see more details and pictures on the property please check the link:
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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.

412 Market St Gloucester, NJ 08030

Wholesale Price: $185,000 
Rehab Cost:   $65,000 
After Repair Value: $282,000 
Yearly Net Cash Flow: $20,452
Cash On Cash Return:  7.68%
Cap Rate:  8.18%

The above numbers are with rent stabilization. The current rents are below market.

Property Information

Building Type: Multi Family
Bedrooms: 4
Bathrooms: 1.5
Square footage: 2598
Real Estate Tax: $5,855
Vacant: No
Owner Occupied: Yes
Parking; Street

Construction Details: Currently used as a single family 4/1.5 Can convert this back into a duplex downstairs 2/1 upstairs 3/1. 2 separate water and electrical units.

Facade and Exterior: Vinyl
Roof: architectural shingles
Electric: Gas
Heating: Gas
Plumbing: Cast Iron & PVC
Laundry: yes
Sewer: Public
Water: public
Zoning: Residential Medium- duplex
Comparables from the MLS used to determine ARV

Average Cost/SQFT: $108.57
Average Sold Price: $177,000.0
After Repair Value: $282,064.86 

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

GLOUCESTER CITY, NJ   189,000.00        4/13/2022       1602         1880          117.98              0.01

GLOUCESTER CITY, NJ   165,000.00       10/28/2021      1664         1880           99.16               0.04

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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