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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. only.
This property is available for purchase only with Cash, Hard Money, or Private Money.
Text us at 609-807-1497 to indicate interest, and we will reach out to discuss the property.
1314 S Main St Phillipsburg, NJ 08865
Fix and Flip
Wholesale Price: $159,357
Rehab Cost: $70,000
After Repair Value: $ 315,000
Projected Net Profit: $ 52,393
Property Information
Building Type: Single Family Detached
Real Estate Tax: $4,474
Vacant: yes
Owner Occupied: No
Parking: off-street
Construction Details:
Facade and Exterior: Siding
Roof: Shingles
Sewer: City
Water: City
Projected Financials: The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.
Fix and Flip
Investment Type Cost
Wholesale Price $159,357
Rehab Cost $70,000
Estimated closing costs $ 7,500
Carrying Costs $ 10,000
Estimated selling costs (5% of ARV) $15,750
Total Initial Investment: $262,607
Net Profit Calculation
Estimated After Repair Value $315,000
Total Estimated Investment $262,607
Projected Net Profit: $52,393
Comparables from the MLS used to determine ARV
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Condition | Distance from subject property (mi) |
| 23 Victory Ave, Pohatcong, NJ 08865 | 315,000.00 | 10/13/2023 | Move-in condition (Not Renovated) | 0.4 miles | ||
| 300 Maple Ave, Pohatcong 08865 | 188,500.00 | 5/5/23 | 1,930 | Fixer Upper | 0.1 miles | |
| 287 Heckman St., Phillipsburg 08865 | 290,000.00 | 9/25/2023 | Renovated |
1.8 miles |