15 E 2ND ST FLORENCE NJ 08518 For Sale

  • $185,500
  • 4 beds
  • 3 baths
  • 2700 sqft

Wholesale Multi Family Property

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15 E 2ND ST FLORENCE NJ 08518

Fix/Rent

Wholesale Price:  $185,500
Rehab Cost:  $20,000
After Repair Value: $258,202  based on mls comps (see comps below)

Property Information
Building Type: Multi Family Property
Bedrooms:  4
Bathrooms: 3

Unit 1 – 2 bed, 1 Bath
Unit 2 – 1 Bed, 1 Bath
Unit 3 – 1 Bed, 1 Bath

Square footage: 2700
Lot size: 6000
Real Estate Tax: $6,783.37
Occupancy:  Tenant
Parking: Driveway

Construction Details
Facade and Exterior: Siding
Roof: asphalt
Electric: breakers
Heating: forced air
Plumbing: copper and pvc
Laundry: yes
Zoning: Residential

Projected Financials:  The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.

 

——— > Current Median Cap Rate for Burlington County is 6.19% – This Wholesale Property Offers an Above Average Return for the area. <————-

Comparables from the MLS used to determine ARV

Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
237 E 3RD ST
FLORENCE, NJ
209,900 8/2/2018 1524 1920 137.72 0.16
228 E 3RD ST
FLORENCE, NJ
185,000.00 9/25/2018 1596 1929 115.91 0.15
48 W FRONT ST
FLORENCE, NJ
214,000.00 1/8/2019 2112 1920 101.32 0.13
301 BROAD ST
FLORENCE, NJ
195,000.00 12/31/2018 1855 1920 105.12 0.09
306 E FRONT ST
FLORENCE, NJ
290,000.00 1/4/2019 1695 1900 171.09 0.19
229 W 4TH ST
FLORENCE, NJ
216,000.00 10/11/2018 1893 1930 114.1 0.23
336 E 2ND ST
FLORENCE, NJ
257,500.00 4/22/2019 1352 1995 190 0.25

Average Cost/SQFT: $126.57
Average Sold Price: $224,842.86
After Repair Value: $258,202.00

Price:
$185,500
Address:
15 E 2ND ST
Florence, NJ 08518
Square Feet:
2700
Lot Size:
6000
Bedrooms:
4
Bathrooms:
3
Terms:
For Sale
Property Type:
Home
Year Built:
1900
Basement:
unfinished
Const. Type:
Multi Family Home

Call (609) 807-1497 for more details

Property Location