*To expand the pictures and see them in HD Please click on the large photo.
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.
1102 Evergreen Blvd Browns Mills, NJ 08015
Fix & Flip
Wholesale Price: $71,400
Rehab Cost: $100,000
After Repair Value: $240,000
Projected Net Profit: $42,000
Property Information
Building Type: Single Family Home
Bedrooms: 4
Bathrooms: 2
Square footage: 1750
Real Estate Tax: $4,257
Vacant: Yes
Parking: Driveway
Construction Details
Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Oil – Tank in crawl space.
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
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 $71,400
Rehab Cost $100,000
Estimated closing costs $4,800
Estimated holding costs $9,600
Estimated selling costs (5% of ARV) $12,000
Total Initial Investment: $197,800
Net Profit Calculation
Estimated After Repair Value $240,000
Total Estimated Investment $197,800
Projected Net Profit: $42,200
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) |
| 1100 EVERGREEN BLVD BROWNS MILLS, NJ |
166,920.00 | 2/19/2020 | 1400 | 2004 | 119.22 | 0.02 |
| 357 GARDEN AVE BROWNS MILLS, NJ |
205,000.00 | 10/15/2020 | 1080 | 1974 | 189.81 | 0.03 |
| 410 GARDEN AVE BROWNS MILLS, NJ |
195,500.00 | 10/15/2020 | 1080 | 1976 | 181.01 | 0.04 |
| 411 DENNIS AVE BROWNS MILLS, NJ |
135,149.00 | 10/8/2020 | 1080 | 1971 | 125.13 | 0.06 |
| 444 GARDEN AVE BROWNS MILLS, NJ |
206,000.00 | 8/31/2020 | 1300 | 1988 | 158.46 | 0.09 |
| 443 GARDEN AVE BROWNS MILLS, NJ |
162,000.00 | 5/6/2020 | 1080 | 1974 | 150 | 0.1 |
| 319 DENNIS AVE BROWNS MILLS, NJ |
185,000.00 | 4/23/2020 | 1288 | 1987 | 143.63 | 0.1 |
| 219 JUNIPER AVE BROWNS MILLS, NJ |
179,900.00 | 6/23/2020 | 1080 | 1969 | 166.57 | 0.14 |
| 49 ORANGE AVE BROWNS MILLS, NJ |
155,000.00 | 5/28/2020 | 1080 | 1971 | 143.51 | 0.18 |
| 216 EAGLE AVE BROWNS MILLS, NJ |
232,500.00 | 10/16/2020 | 1464 | 2001 | 158.81 | 0.21 |
| 234 GARDEN AVE BROWNS MILLS, NJ |
245,000.00 | 11/12/2020 | 1768 | 1971 | 138.57 | 0.23 |
| 601 EVERGREEN BLVD BROWNS MILLS, NJ |
155,000.00 | 8/16/2020 | 1012 | 1976 | 153.16 | 0.24 |
| 703 HUNTER BLVD BROWNS MILLS, NJ |
186,000.00 | 10/14/2020 | 1008 | 1975 | 184.52 | 0.26 |
| 111 APPLE AVE BROWNS MILLS, NJ |
200,000.00 | 5/1/2020 | 1458 | 1968 | 137.17 | 0.27 |
| 326 SNOW AVE BROWNS MILLS, NJ |
195,000.00 | 9/15/2020 | 1080 | 1967 | 180.55 | 0.29 |
Average Sold Price: $186,931.27