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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
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 Sold Price: $82,166.67