13 Center Ave – Burlington, NJ 08016 Sold

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

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.

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