South Jersey Real Estate Investors Association


180 Main St, West Creek, NJ 08092

Single Family / 4 Bedroom(s) / 2 Bath(s)

Property Status: Available |  For Sale: $140,000.00


Property Photos


Wholesale Investment Property


Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $140,000.00
Property Details:
Single Family / 4 BR / 2 BA
Property Style:
2-Story
Finished Sq Ft:
2,300
Basement:
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: realestateacquisitions.co/property/180-main-st-west-creek/

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.

180 Main St.  West Creek, NJ 08092
Fix & Flip

Wholesale Price:  $140,000  
Rehab Cost:  $75,000    
After Repair Value: $325,000
Projected Net Profit: $80,750  

Property Information

Building Type: Single Family
Bedrooms: 4
Bathrooms: 2
Square footage: 2,300
Parking: Yes

Construction Details
Facade and Exterior: Wooden Siding
Roof: Shingles
Electric: Breakers, but need to verify
Heating: Gas
Plumbing: Copper
Laundry: Yes
Water: Well
Sewer: Septic (Needs new tank, quoted at $12k)
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                                                  $140,000   
Rehab Cost                                                          $75,000 
Estimated closing costs                                            $3,000
Estimated holding costs                                         $10,000
Estimated selling costs (5% of ARV)                        $16,250
Total Initial Investment:                                        $244,250 

Net Profit Calculation                                                                                    

Estimated After Repair Value                                  $325,000  
Total Estimated Investment                                    $244,250 
Projected Net Profit:                                                 $80,750 

Comparables from the MLS used to determine ARV

After Repair Value: $325,000

Address Price                           Sold                    Sold Date             Size (sf)            Price per sf                    Distance from subject property (mi)
237 Main St,                            310,000.00          3/23/2021            1,540                   201.29                      0.3 
West Creek, NJ  08092 


 

 





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.

Contact Us

South Jersey Real Estate Investors Association

PO Box 689
Marlton, NJ 08053
(856) 663-1133

Proud Chapter of National REIA

Follow Us


Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.

Disclaimer

www.SJREIA.org  (South Jersey Real Estate Investors Association) does not give legal, tax, economic, or investment advice. SJREIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Copyright 2021 © South Jersey Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.