143 Main St – Cedarville Assigned

  • $153,182
  • 5 beds
  • 2.5 baths
  • 2,783 sqft

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Wholesale Investment Property 

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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.

143 Main St Cedarville, NJ 08311

Fix and Flip

Wholesale Price: $153,182
Rehab Cost:   $97,405 
After Repair Value: $341,195 
Projected Net Profit: $56,299 

Property Information 

Building Type: Single Family Home 
Beds: 5
Baths: 2.5
Property SF: 2,783
Real Estate Tax: $5,625
Vacant:  Yes
Parking: Driveway

Construction Details: 

Facade and Exterior: Wood Siding 
Roof: Shingles 
Electric: Breakers 
Heating: Oil Heat – (Tank in basement) Hot Water baseboard heat.  
Plumbing: Copper 
Laundry: Yes  
Water: Well 
Sewer: Septic 
Zoning: Residential 

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                                                             $153,182 
Rehab Cost                                                                         $97,405 
Estimated closing costs                                                  $6,900 
Estimated holding costs                                               $10,350 
Estimated selling costs (5% of ARV)                         $17,059 
Total Initial Investment:                                          $284,896 

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $341,195
Total Estimated Investment                                       $284,896  
Projected Net Profit:                                                      $56,299 

Comparables from the MLS used to determine ARV

Average Cost/SQFT:$122.60 
Average Sold Price:$240,666.67
After Repair Value:$341,195.80

Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
18 SHEPPARD AVE
CEDARVILLE, NJ
242,000.00 11/4/2021 1656 1956 146.14 0.14
2 SHEPPARD DAVIS RD
CEDARVILLE, NJ
265,000.00 5/13/2022 1974 1996 134.25 0.36
360 MAIN ST
CEDARVILLE, NJ
215,000.00 9/2/2021 2460 1950 87.4 0.9
Price:
$153,182
Address:
143 Main St
Cedarville, NJ 08311
Square Feet:
2,783
Lot Size:
16,553
Bedrooms:
5
Bathrooms:
2.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1880
Const. Type:
Single Family Home

Call (704) 644-8777 | (609) 807-1497 for more details

Property Location