1 Frederick Ln – Ewing For Sale

  • $196,500
  • 4 beds
  • 2 baths
  • 2,030 sqft

Wholesale Investment Property 

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This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.

1 FREDERICK LN EWING NJ 08628

Fix & Flip

Wholesale Price:  $196,500 
Rehab Cost:  $55,000   
After Repair Value: $333,305 
Projected Net Profit: $45,640 

Property Information

Building Type: Cape Cod
Bedrooms: 4
Bathrooms: 2
Square footage:2,030
Real Estate Tax: $9,140
Parking: Yes

Construction Details

Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Oil
Plumbing: Copper
Laundry: Yes
City Sewage: Public
Zoning: Residential
Heating: Oil
Water: Public
HVAC: 1st floor only

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                                                       $196,500 
Rehab Cost                                                                    $55,000
Estimated closing costs                                              $6,500
Estimated holding costs                                             $13,000
Estimated selling costs (5% of ARV)                       $16,665
Total Initial Investment:                                     $287,665 

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $333,305
Total Estimated Investment                                  $287,665
Projected Net Profit:                                               $45,640 

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)
22 BERNARD DR
EWING, NJ
436,000.00 9/10/2020 3142 1973 138.76 0.17
4 DUFFIELD DR
EWING, NJ
300,000.00 3/10/2020 1660 1974 180.72 0.3
10 HOLDER DR
EWING, NJ
325,000.00 12/10/2019 1660 1975 195.78 0.36
Average Cost/SQFT: $164.19 
Average Sold Price: $353,666 
After Repair Value: $333,305 
Price:
$196,500
Address:
1 Frederick Ln
Ewing, NJ 08628
Square Feet:
2,030
Lot Size:
17,894
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1962
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location