11 Shirley St – Woodstown Available

  • $109,000
  • 3 beds
  • 2.5 baths
  • 1990 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 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
Price:
$109,000
Address:
11 Shirley St
Woodstown , NJ 08098
Square Feet:
1990
Lot Size:
5,950
Bedrooms:
3
Bathrooms:
2.5
Terms:
Assignment of Contract
Property Type:
Home
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location