13 Center Ave – Burlington, NJ 08016 For Sale

  • $167,568
  • 3 beds
  • 2 baths
  • 2245 sqft

Wholesale Investment Property 

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13 Center Ave – Burlington, NJ 08016

Fix & Flip

Wholesale Price: $167,568
After Repair Value: $259,500
Projected Net Profit: $48,712

Property Information

Building Type: Ranch

Bedrooms: 3 (4 if the in-law suite main room is also used as a bedroom)

Bathrooms: 2

Real Estate Tax:  $7,217.00

Occupancy: Vacant

Parking: Detached garage

Construction Details

Facade and Exterior: Vinyl siding

Roof: Shingle

Electric: Breakers

Heating: Gas

Plumbing: PVC

Landry: 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                                                          $167,568
Rehab Cost                                                                   $21,450
Estimated closing costs                                          $4,950
Estimated holding costs                                         $4,445
Estimated selling costs (5% of ARV)                  $12,375
Total Initial Investment:                                         $210,788

Net Profit Calculation                                                                                        

Estimated After Repair Value                               $259,500
Total Estimated Investment                                 -$210,788
Projected Net Profit:                                               $48,712

Passive Income Rental

Investment Type                                                    Cost                                   

Wholesale Price                                                          $167,568
Rehab Cost                                                                   $6,000
Estimated closing costs                                          $4,950
Estimated holding costs                                         $4,445
Total Initial Investment:                                         $182,963

Rental Income @ $2050/mo                                 $24,600

Vacancy/Maintenance                                             -$2,050
Ultilties(water bill)                                                    -$0.00
Accounting                                                                   -$125
Landscaping                                                                -$150
Leasing Commissions                                              -$410
( 1mth rent every 5 years)
Estimated Insurance                                                -$800
Estimated Taxes                                                         -$7217
Propert Management Fees                                    -$2460

Total Yearly NOI:                                                         $11,388

Price:
$167,568
Address:
13 Center Ave
Burlington, NJ 08016
Square Feet:
2245
Lot Size:
16,800
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1960
Basement:
unfinished
Const. Type:
Ranch

Additional Features

Easy, profitably flip, or an almost instant rental with little upgrades needed. Roof - 10 yrs old HVAC - 10 yrs old

Call (609) 807-1497 for more details

Property Location

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