1314 S Main St – Phillipsburg Available

  • $159,357
  • 3 beds
  • 1 baths
  • 1,594 sqft

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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
Price:
$159,357
Address:
1314 S Main St
Phillipsburg, NJ 08865
Square Feet:
1,594
Lot Size:
3,484
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1920
Const. Type:
Single Family Detached

Call (609) 807-1497 for more details

Property Location