11 Main St – New Egypt Available

  • $226,168
  • 3 beds
  • 3.5 baths
  • 2,880 sqft

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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.

11 Main St. New Egypt, NJ 08533

Fix and Flip

Wholesale Price: $226,168
Rehab Cost: $130,000
After Repair Value: $509,558
Projected Net Profit: $101,911

Property Information

Building Type: Mixed Use – Commercial Rental + Residential Rental
Beds: 3
Baths: 3.5
Commercial Unit – 1 with half bath
Square footage: 2,880
Real Estate Tax: $4,880
Vacant: No
Owner Occupied: Yes
Parking: Yes

Construction Details:

Facade and Exterior: Aluminum siding & Stucco
Roof: Shingle
Electric: Breakers
Heating: Hot Water
Plumbing: Copper
Laundry: Yes
Water: Public
Sewer: Septic
Zoning: Commercial Mixed-Use

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                                                             $226,168   
Rehab Cost                                                                      $130,000 
Estimated closing costs                                                $10,191 
Estimated holding costs                                               $15,286 
Estimated selling costs (5% of ARV)                         $25,477 
Total Initial Investment:                                          $407,122 

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $509,558 
Total Estimated Investment                                       $407,122 
Projected Net Profit:                                                  $102,436 

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $176.93
Average Sold Price: $373,500.00
After Repair Value: $509,558.40

Address

Price Sold

Sold Date

Size (sf)

Year Built

Price per sf

Distance from
subject
property (mi)

15 EVERGREEN RD
NEW EGYPT, NJ

373,500.00

5/7/2021

2111

1880

176.93

0.03

Price:
$226,168
Address:
11 Main St
New Egypt, NJ 08533   
Square Feet:
2,880
Bedrooms:
3
Bathrooms:
3.5
Terms:
Assignment of Contract
Property Type:
Commercial
Const. Type:
Commercial Rental + Residential Rental

Call (609) 807-1497 for more details

Property Location