20 Theodora Dr – Hillsborough For Sale

  • $400,000
  • 4 beds
  • 3.5 baths
  • 4,626 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.

20 THEODORA DR. HILLSBOROUGH NJ 08844

This home is a new construction that was never completed.  There are two fireplaces in the house, one in the living room and one in the first-floor master. Upstairs in the home, there are two rooms that were not counted towards square footage and can be converted into livable space creating over 5,000 sqft of total living space in the home, not including the basement. The basement is a walkout basement with just under 9’ ceilings and two separate entrances from the 1st floor. The basement square footage is almost 2,500sqft in total. The home also sits on over 2 acres of land and has all public utilities in the street.

It has 4 Bedrooms and 3.5 Bathrooms. First Floor Master; Secondary Master on the second floor.

Fix & Flip

Wholesale Price:  $400,000 
Rehab Cost:  $225,000    
After Repair Value: $800,000 – $850,000
Projected Net Profit: $95,000 –  $142,500

Property Information

Building Type: Single Family Home
Bedrooms: 4
Bathrooms: 3.5
Square footage: 4,626
Real Estate Tax: $10,125
Vacant: Yes
Owner Occupied: No
Parking: Yes

Construction Details

Facade and Exterior: stucco, stone, and Hardie plank
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
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                                                         $400,000  
Rehab Cost                                                                    $225,000
Estimated closing costs                                              $16,000
Estimated holding costs                                             $24,000
Estimated selling costs (5% of ARV)                       $40,000 – $42,500
Total Initial Investment:                                     $705,000 – $707,500

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $800,000 – $850,000
Total Estimated Investment                                  $705,000 – $707,500
Projected Net Profit:                                             $95,000 –  $142,500

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)
3 WILSON CV
HILLSBOROUGH, NJ
689,000.00 10/2/2020 2579 1993 267.15 0.11
1278 MILLSTONE RIVER RD
HILLSBOROUGH, NJ
355,000.00 4/27/2020 1658 1954 214.11 0.11
Average Cost/SQFT: $246.40
Average Sold Price: $522,000
After Repair Value: $800,000 – 850,000
Price:
$400,000
Address:
20 Theodora Dr
Hillsborough, NJ 08844
Square Feet:
4,626
Lot Size:
115,000
Bedrooms:
4
Bathrooms:
3.5
Terms:
For Sale
Property Type:
Home
Year Built:
2007
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location