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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 Shirley St Woodstown, NJ 08098
Fix and Flip
Wholesale Price: $109,000
Rehab Cost: $115,400
After Repair Value: $305,000
Projected Net Profit: $50,000
Property Information
Building Type: Single Family Residence
Bedrooms: 3
Bathrooms: 2.5
Square footage: 1990
Real Estate Tax: $3,962
Vacant: Yes
Owner Occupied: No
Parking: No
Construction Details: it used to be a dance studio and its right in between residential houses. It’s pretty much down to the studs and the room are wide open.
Approx. 2000 sq. Ft. Building. Mostly open. Needs work but could be made in a very nice duplex. Nice neighborhood. Near schools.
Facade and Exterior: Block with A frame roof
Roof: Shingles
Electric: Brakers
Heating: Gas
Plumbing: PVC
Laundry: No
Sewer: Public
Water: Public
Zoning: Residential
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 $109,000
Rehab Cost $115,400
Estimated closing costs $9,000
Estimated holding costs $9,000
Estimated selling costs (5% of ARV) $15,250
Total Initial Investment: $257,650
Net Profit Calculation
Estimated After Repair Value $305,000
Total Estimated Investment $257,650
Projected Net Profit: $47,350
Comparables from the MLS used to determine ARV
Average Cost/SQFT: $170.06
Average Sold Price: $ 250,050.00
After Repair Value: $305,000.00
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 12 SHIRLEY ST WOODSTOWN, NJ |
87,500.00 | 1/28/2019 | 1326 | 1950 | 65 | 0.01 |
| 5 MACALTIONER AVE WOODSTOWN, NJ |
225,000.00 | 9/21/2021 | 1200 | 1946 | 187.5 | 0.11 |
| 9 MACALTIONER AVE WOODSTOWN, NJ |
205,250.00 | 3/25/2022 | 1118 | 1955 | 183.58 | 0.13 |
| 38 CHESTNUT DR WOODSTOWN, NJ |
412,500.00 | 7/21/2021 | 1698 | 1957 | 242.93 | 0.24 |
| 27 CHESTNUT DR WOODSTOWN, NJ |
320,000.00 | 9/7/2021 | 1868 | 1950 | 171.3 | 0.3 |