268 Anderson Rd – Clinton Available

  • $398,785
  • 4 beds
  • 2.5 baths
  • 2,682 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.

268 Anderson Rd Clinton, NJ 08809

Fix & Flip

Wholesale Price: $398,785
Rehab Cost: $110,000 
After Repair Value: $619,542 
Projected Net Profit:  $54,999 

Property Information

Building Type: Single Family Home
Bedrooms: 4
Bathrooms: 2.5
Square footage: 2,682
Real Estate Tax: $4,931
Vacant: Will be delivered vacant
Parking: Off Street/Driveway

Construction Details

Facade and Exterior: Wood Siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Private
Public Sewer: Private
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                                                       $398,785 
Rehab Cost                                                                    $110,000
Estimated closing costs                                              $9,293
Estimated holding costs                                             $15,488
Estimated selling costs (5% of ARV)                       $30,977
Total Initial Investment:                                     $564,543

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $619,542
Total Estimated Investment                                   $564,543
Projected Net Profit:                                               $54,999

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $231.00
Average Sold Price: $574,950.00
After Repair Value: $619,542.00
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
10 MELODY LN
CLINTON, NJ
569,900.00 4/26/2021 2111 1978 269 3.03
5 RIVER BEND RD
CLINTON, NJ
580,000.00 5/27/2021 2867 1991 202 3.2
Price:
$398,785
Address:
268 Anderson Rd
Clinton, NJ 08809
Square Feet:
2,682
Lot Size:
217,800
Bedrooms:
4
Bathrooms:
2.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1987
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location