2 Decou Dr – Morrisville PA For Sale

  • $219,521.
  • 3 beds
  • 1.5 baths
  • 2231 sqft

Wholesale Investment Property – Fix & Flip or Duplex Rental

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.

2 DECOU DR MORRISVILLE, PA 19067

Fix & Flip or Duplex Rental

Wholesale Price: $219,521.
Rehab Cost:  $46,000
After Repair Value: $348,973
Projected Net Profit: $52,046

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                                                    $219,521.
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:                                     $296,927     

Net Profit Calculation                                                                                        

Estimated After Repair Value                            $348,973
Total Estimated Investment                              $296,927   
Projected Net Profit:                                                $52,046

 

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)
10 OAK AVE
YARDLEY, PA
348,500 4/11/2019 2309 1965 150.93 0.22
473 HAMILTON BLVD
MORRISVILLE, PA
240,000.00 4/26/2019 1610 1964 149.06 0.23
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
19 WILFRED DR
YARDLEY, PA
369,000.00 5/3/2019 2031 1950 181.68 0.3
203 ARBORLEA AVE
YARDLEY, PA
499,900.00 5/29/2019 2690 1970 185.83 0.37

Average Cost/SQFT: $156.42

Average Sold Price: $336,733.33

After Repair Value: $348,973.02

Price:
$219,521.
Address:
2 Decou Dr
Morrisville, PA 19067
Square Feet:
2231
Lot Size:
7956
Bedrooms:
3
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Home
Year Built:
1969
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location