180 Main St – West Creek Assigned

  • $140,000
  • 4 beds
  • 2 baths
  • 2,300 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.

180 Main St.  West Creek, NJ 08092

Fix & Flip

Wholesale Price:  $140,000  
Rehab Cost:  $75,000    
After Repair Value: $325,000
Projected Net Profit: $80,750  

Property Information

Building Type: Single Family
Bedrooms: 4
Bathrooms: 2
Square footage: 2,300
Parking: Yes

Construction Details
Facade and Exterior: Wooden Siding
Roof: Shingles
Electric: Breakers, but need to verify
Heating: Gas
Plumbing: Copper
Laundry: Yes
Water: Well
Sewer: Septic (Needs new tank, quoted at $12k)

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                                                           $140,000   
Rehab Cost                                                                      $75,000 
Estimated closing costs                                                $3,000
Estimated holding costs                                               $10,000
Estimated selling costs (5% of ARV)                         $16,250
Total Initial Investment:                                        $244,250 

Net Profit Calculation                                                                                    

Estimated After Repair Value                                  $325,000  
Total Estimated Investment                                    $244,250 
Projected Net Profit:                                                 $80,750 

Comparables from the MLS used to determine ARV

After Repair Value: $325,000
Address  Price Sold  Sold Date  Size (sf)  Price per sf  Distance from 
subject 
property (mi) 
237 Main St, West Creek, NJ 08092  310,000.00  3/23/2021  1,540  201.29  0.3 
Price:
$140,000
Address:
180 Main St.
West Creek, NJ 08092
Square Feet:
2,300
Lot Size:
10,890
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Const. Type:
Single Family Residence

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

Property Location