232 Jane St – Long Branch For Sale

  • $162,500
  • 3 beds
  • 1 baths
  • 1,188 sqft

Wholesale Investment Property 

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This property information is Strictly for Real Estate Acquisitions Co. Investors and associates only.

232 JANE ST, LONG BRANCH NJ 07740

Fix & Flip

Wholesale Price:  $162,500  
Rehab Cost:  $50,000
After Repair Value: $290,000 
Projected Net Profit: $47,050

Property Information
Building Type: Colonial
Bedrooms: 3
Bathrooms: 1
Square footage: 1,118
Real Estate Tax: $4,796
Occupancy: Vacant
Parking: Yes

Construction Details

Facade and Exterior: Vinyl Siding
Roof: Shingles
Electric: Breakers
Heating: Oil
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
Zoning: Residential
HVAC: No

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                                                       $162,500   
Rehab Cost                                                                    $50,000
Estimated closing costs                                              $5,800
Estimated holding costs                                             $10,150
Estimated selling costs (5% of ARV)                       $14,500
Total Initial Investment:                                     $242,950 

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $290,000  
Total Estimated Investment                                  $242,950
Projected Net Profit:                                               $47,050 

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)
316 HILLSIDE AVE
LONG BRANCH, NJ
269,062.00 8/20/2020 1368 1940 196.68 0.31
341 CHELSEA AVE
LONG BRANCH, NJ
305,000.00 7/29/2020 1730 1910 176.3 0.33
342 E COLUMBUS PL
LONG BRANCH, NJ
325,000.00 12/4/2019 1496 1910 217.24 0.38
Average Cost/SQFT: $195.70 
Average Sold Price: $299,687.33 
After Repair Value: $290,000  
Price:
$162,500
Address:
232 Jane St
Long Branch, NJ 07740
Square Feet:
1,188
Lot Size:
3,014
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1920
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location