120 Phillips Ave. – Browns Mills Available

  • $109,000
  • 3 beds
  • 1 baths
  • 1,226 sqft

*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.

120 Phillips Ave. Browns Mills, NJ 08015

Fix & Flip

Wholesale Price: $109,000
Rehab Cost: $50,000
After Repair Value: $205,000 – $238,000
Projected Net Profit:  $21,430 – $52,780

Property Information

Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 1
Square footage: 1,226
Real Estate Tax: $3,289
Owner Occupied: Yes
Vacant: will be delivered vacant
Parking: driveway

Construction Details

Facade and Exterior: Vinyl Siding
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: In Unit
Heating: Gas
City Sewage: 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                                                       $109,000
Rehab Cost                                                                    $50,000
Estimated closing costs                                              $4,773
Estimated holding costs                                             $9,547
Estimated selling costs (5% of ARV)                       $10,250 – $11,900
Total Initial Investment:                                     $ 183,570 – 185,220

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $205,000 – $238,000
Total Estimated Investment                                   $183,570 – $185,220
Projected Net Profit:                                               $21,430 – $52,780

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $189.96
Average Sold Price: $203,000.00
After Repair Value: $238,677.68
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
103 PHILLIPS AVE
BROWNS MILLS, NJ
215,000.00 3/19/2021 1026 1923 209.55 0.04
168 PHILLIPS AVE
BROWNS MILLS, NJ
195,000.00 7/30/2020 1288 1985 151.39 0.08
127 GARDEN AVE
BROWNS MILLS, NJ
199,000.00 3/11/2021 892 1960 223.09 0.08
Price:
$109,000
Address:
120 Phillips Ave.
Browns Mills, NJ 08015
Square Feet:
1,226
Lot Size:
8,000
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1943
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location