248 Heyers Mill Rd – Colts Neck – Development Opportunity For Sale

  • $340,000
  • 4 beds
  • 4 baths
  • 1,701 sqft

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
Bedrooms: 4
Bathrooms: 4
Square footage: 3686
Real Estate Tax: $5,866 (this is the current tax on this property, which will go up after re-development)
Occupancy: Vacant
Parking: Yes

Construction Details
Facade and Exterior: Brick and siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: PVC
Laundry: Yes
City Sewage
City Water
Zoning: Residential

Average Cost/SQFT for the subject property model: $352
Average Cost/SQFT for the development model below: $379
After Repair Value: $1,300,000
Development Model that the above numbers are based on is seen below.
Price:
$340,000
Address:
248 Heyers Mill Rd
Colts Neck, NJ 07722
Square Feet:
1,701
Lot Size:
89,298
Bedrooms:
4
Bathrooms:
4
Terms:
For Sale
Property Type:
Home
Year Built:
1910
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location