154 Mercer St. Phillipsburg Available

  • $35,000
  • 2 beds
  • 1 baths
  • 1,245 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. Investors and associates only.

This property is available for purchase only with Cash, Hard Money, or Private Money.
(Assignment of contract not for sale.)

154 MERCER ST. PHILLIPSBURG, NJ 08865

Fix and Flip 

Wholesale Price: $35,000 
Rehab Cost: $25,000
After Repair Value: $86,178
Projected Net Profit: $19,857  

Property Information

Building Type: Single Family Home
Bedrooms: 2
Bathrooms: 1
Square footage: 1,245
Real Estate Tax: $1,608
Vacant:  Yes
Owner Occupied: No
Parking: Off-Street

Facade and Exterior: Vinyl Siding 
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: On site
Public Water: Yes
Public Sewer: 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                                                       $35,000 
Rehab Cost                                                                $25,000
Estimated closing costs                                          $1,566
Estimated holding costs                                         $3,447
Estimated selling costs (5% of ARV)                   $4,308
Total Initial Investment:                                     $69,321 

Net Profit Calculation                                                                                    

Estimated After Repair Value                              $86,178 
Total Estimated Investment                                 $69,321 
Projected Net Profit:                                               $19,857 

 

Fix and Rent

Wholesale Price: $35,000 
After Repair Value: $86,178
Yearly Net Cash Flow: $7,840 
Cap Rate:  17.06%

Rental Analysis

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)
44 FOX ST
PHILLIPSBURG, NJ
70,000.00 9/4/2020 1067 1900 65.6 0.04
25 CEDAR ALY
PHILLIPSBURG, NJ
101,500.00 11/3/2020 1256 1900 80.81 0.09
67 MERCER ST
PHILLIPSBURG, NJ
75,000.00 9/15/2020 1238 1910 60.58 0.18
Average Cost/SQFT:$69.22 
Average Sold Price: $82,166.67 
After Repair Value: $86,178
Price:
$35,000
Address:
154 Mercer St
Phillipsburg, NJ 08865
Square Feet:
1,245
Lot Size:
4,487
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1900

Call (609) 807-1497 for more details

Property Location