2 Decou Dr – Morrisville PA For Sale

  • $204,936
  • 4 beds
  • 2.5 baths
  • 2231 sqft

Wholesale Investment Property – Fix & Flip or Duplex Rental

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Interested in this property? Call us at 609-807-1497 or send us a message via this website with this link -> Contact Us Now

2 DECOU DR MORRISVILLE, PA 19067

Fix & Flip or Duplex Rental

Wholesale Price: $204,936
Rehab Cost:  $46,000
After Repair Value: $348,600
Projected Net Profit: $66,258

Property Information

Building Type: SINGLE FAMILY RESIDENCE + separate Mother In Law Suite or (Duplex Rental)

Main House
Bedrooms:  3

Bathrooms: 1.5

Mother in Law Suite – Rents for $970 a month.
Bedrooms: 1

Bathrooms 1

The suite includes: Eat-in Kitchen, Living Room, Storage Room

——

Square footage:  2231

Lot size:  7,956

Real Estate Tax:  $6,055

Occupancy: Occupied

Parking: Driveway

Construction Details

Facade and Exterior: Vinyl Siding and Brick

Roof: Shingle

Electric: Breakers

Heating: Gas. Forced air

Plumbing: Copper

Laundry: 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                                                     $204,936
Rehab Cost                                                             $46,000
Estimated closing costs                                       $6,979
Estimated holding costs                                      $6,979
Estimated selling costs (5% of ARV)                $17,448
Total Initial Investment:                                    $282,342     

Net Profit Calculation                                                                                        

Estimated After Repair Value                            $348,600
Total Estimated Investment                              $282,342
Projected Net Profit:                                              $66,258

Rental Analysis

Interested in this property? Call us at 609-807-1497 or send us a message via this website with this link -> Contact Us Now

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)
473 HAMILTON BLVD
MORRISVILLE, PA
240,000 4/26/2019 1610 1964 149.06 0.23
470 HAMILTON BLVD
MORRISVILLE, PA
265,000.00 11/6/2019 1534 1961 172.75 0.24
456 HAMILTON BLVD
MORRISVILLE, PA
293,000.00 1/17/2019 2247 1962 130.39 0.28
501 N LAFAYETTE AVE
MORRISVILLE, PA
270,000.00 6/20/2019 1920 1940 140.62 0.29
397 MAGNOLIA DR
MORRISVILLE, PA
305,000.00 7/1/2019 1620 1954 188.27 0.36
82 W MAPLE AVE
MORRISVILLE, PA
225,000.00 5/10/2019 1296 1965 173.61 0.38

Average Sold Price: $336,733.33

Average Cost/SQFT: $156.42

After Repair Value: $348,600.56

Interested in this property? Call us at 609-807-1497 or send us a message via this website with this link -> Contact Us Now

Price:
$204,936
Address:
2 Decou Dr
Morrisville, PA 19067
Square Feet:
2231
Lot Size:
7956
Bedrooms:
4
Bathrooms:
2.5
Terms:
For Sale
Property Type:
Home
Year Built:
1969
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location