Wholesale Investment Property – Development Opportunity
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.
248 Heyers Mill Rd. Colts Neck NJ 07722
This investment opportunity assumes that the current house on this property will be demolished and a new house will be built.
Wholesale Price: $340,000
Building Cost: $557,000
Holding Cost: $52,000
Closing Cost: $26,000
Sales Cost: $65,000
After Repair Value: $1,300,000 – 1,399,995
Projected Net Profit: $260,000 – $359,000
Property Information – of the potential rebuild
Building Type: SINGLE FAMILY RESIDENCE
Square footage: 3686
Real Estate Tax: $5,866 (this is the current tax on this property, which will go up after re-development)
Facade and Exterior: Brick and siding