16 Brunswick Ave – Spotswood For Sale

  • $255,039
  • 4 beds
  • 1 Bath. 2nd bathroom has been framed but not built. baths
  • 1,763 sqft

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16 Brunswick Ave Spotswood NJ

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.

16 Brunswick Ave Spotswood, NJ 08884

Fix & Flip

Wholesale Price:  $255,039 
Rehab Cost:  $50,000 
After Repair Value: $396,146
Projected Net Profit: $51,500‬

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 4
Bathrooms: 1 (2nd bathroom has been framed but not built)
Square footage: 1,763
Real Estate Tax: $7,674
Occupancy: Owner Occupied
Parking: Yes

Construction Details
Facade and Exterior: Vinyl
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
City Sewage
City Water
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                                                       $255,039
Rehab Cost                                                                    $50,000
Estimated closing costs                                              $7,920
Estimated holding costs                                             $11,880
Estimated selling costs (5% of ARV)                       $19,807
Total Initial Investment:                                     $344,646

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $396,146
Total Estimated Investment                                  $344,646
Projected Net Profit:                                               $51,500‬

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)
17 EATON AVE
SPOTSWOOD, NJ
348,000 6/21/2019 1544 1956 225.38 0.1
42 EATON AVE
SPOTSWOOD, NJ
410,000.00 1/15/2020 2086 1956 196.54 0.15
87 WYOMING AVE
SPOTSWOOD, NJ
325,000.00 8/22/2019 1308 1967 248.47 0.23
21 SOUTH ST
SPOTSWOOD, NJ
268,000.00 6/5/2019 1282 1921 209.04 0.33
146 BROOKLYN AVE
SPOTSWOOD, NJ
340,000.00 12/2/2019 1798 1911 189.09 0.34
108 VLIET ST
SPOTSWOOD, NJ
325,500.00 5/13/2020 1188 1949 273.98 0.35
161 WYOMING AVE
SPOTSWOOD, NJ
339,000.00 9/6/2019 1454 1947 233.14 0.39
28 GORDON AVE
SPOTSWOOD, NJ
325,000.00 11/26/2019 1628 2006 199.63 0.42
10 JUNE RD
SPOTSWOOD, NJ
362,500.00 1/22/2020 1468 1968 246.93 0.42
Average Cost/SQFT:$224.70
Average Sold Price:$338,111.11 
After Repair Value: $396,146.10 
Price:
$255,039
Address:
16 Brunswick Ave
Spotswood, NJ 08884
Square Feet:
1,763
Lot Size:
22,360
Bedrooms:
4
Bathrooms:
1 Bath. 2nd bathroom has been framed but not built.
Terms:
For Sale
Property Type:
Home
Year Built:
1929
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location