205 Whitehead Ave – South River Pending

  • $256,004
  • 3 beds
  • 2 baths
  • 2,169 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.

205 WHITEHEAD AVE SOUTH RIVER NJ 08882

Fix & Flip

Wholesale Price:  $256,004 
Rehab Cost:  $40,000 
After Repair Value: $383,631 
Projected Net Profit: $60,846

Property Information

Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 2
Square footage: 2,169
Real Estate Tax: $6,424
Vacant: No
Owner Occupied: Yes
Parking: Yes

Construction Details

Facade and Exterior: Brick & Siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
Zoning: Residential Roof 10 yrs old
HVAC – New in 2014
Water Heater – New
Windows replaced 11 yrs ago
New Chimney Liner

 

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                                                         $256,004   
Rehab Cost                                                                    $40,000
Estimated closing costs                                              $7,600
Estimated holding costs                                             $13,300
Estimated selling costs (5% of ARV)                       $19181
Total Initial Investment:                                   $322,785

Net Profit Calculation                                                               

Estimated After Repair Value                               $383,631
Total Estimated Investment                                  $322,785
Projected Net Profit:                                       $60,846

 

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)
5 WASHINGTON ST
SOUTH RIVER, NJ
199,900.00 5/7/2020 1016 1915 196.75 0.14
5 NORTHSIDE AVE
SOUTH RIVER, NJ
300,000.00 1/14/2020 1720 1911 174.41 0.19
48 CHARLES ST
SOUTH RIVER, NJ
290,000.00 7/28/2020 1730 1920 167.63 0.2
Average Cost/SQFT: $176.87 
Average Sold Price: $263,300.00 
After Repair Value: $383,631.03
Price:
$256,004
Address:
205 Whitehead Ave
South River, NJ 08882
Square Feet:
2,169
Lot Size:
4,961
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1921
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

Property Location