South Jersey Real Estate Investors Association

332 Beaver Dr, Millville, NJ 08332

Single Family / 2 Bedroom(s) / 1 Bath(s)

Property Status: Available |  For Sale: $22,000.00

Property Photos

Wholesale Investment Property

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $22,000.00
Property Details:
Single Family / 2 BR / 1 BA
Property Style:
Mobile Home
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
Property Description:

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

332 Beaver Dr Millville, NJ 08332? 
Fix and Flip

Wholesale Price: $22,000 
Rehab Cost:   $75,000 
After Repair Value: $152,911
Projected Net Profit: $35,000 – $40,000

Property Information 

Building Type: Mobile Home
Beds: 2
Baths: 1
Real Estate Tax: $3,022
Vacant: yes
Owner Occupied: No
Parking: yes 

Construction Details:  this property needs everything done or tear down

Roof:  damages
Sewer: septic
Zoning: r-10

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.
Fix and Flip

Investment Type              Cost                                 

Wholesale Price             $22,000  
Rehab Cost                   $75,000 
Estimated closing costs  $4,587 
Estimated holding costs     $3,058 
Estimated selling costs (5% of ARV)   $7,645 
Total Initial Investment:   $112,290 

Net Profit Calculation                                                                                    

Estimated After Repair Value   $152,911 
Total Estimated Investment  $112,290 
Projected Net Profit: $40,621 

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $147.0
Average Sold Price: $131,500.00
After Repair Value: $152,911.00 

Address                   Price Sold         Sold Date       Size (sf)     Year Built      Price per sf     Distance from subject property (mi)
MILLVILLE, NJ           135,000.00     12/14/2021      876           1960            154.11               0.63
MILLVILLE, NJ           160,000.00     2/4/2022          984           1991            162.6                   1
MILLVILLE, NJ            99,500.00      3/21/2019        800           1968            124.38               1.34

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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