275-269 Braddock Mill Rd – Marlton Available

  • $130,000
  • 2 beds
  • 1 baths
  • 1,075 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 to purchase with Cash, Hard Money or Private Money.

275 & 269 Braddock Mill Rd. Marlton, NJ 08053

Unique Rental + “Free” Development Opportunity. Buy two properties for the price of one. The rental will cover the holding costs of the purchase, while you build on the development land next door.

275 Braddock Mill Rd – (Rental property).
Wholesale Price: $130,000

After Repair Value: $197,079
Yearly Net Cash Flow: $6,223
Cash on Cash Return: 4.32%
Cap Rate: 4.32%

Property Information
Building Type: Single Family Residence
Bedroom: 2
Bath: 1
Vacant: No
Owner Occupied: Non-Owner Occupied

275 Braddock Mill Rd. Construction Details:
Facade and Exterior – Wood Siding
Roof – Shingles
Heating – Gas
Plumbing – Copper
Laundry: N/A
HVAC: Window Units
Water: Well
Sewer: Septic

269 Braddock Mill Rd – Lot Size .91 Acres (Development Opportunity)
After Repair Value: $248,000
Total Net Estimated Profit: $85,369
Cash on Cash Return: 56.83%
ROI: 52.49%

Zoning Information: § 160-59
Rural Development-3 (RD-3), Pinelands Area.

A. Purpose. To preserve the existing character and environmental quality while allowing some population growth which recognizes the high development suitability of this area.

B. Principal permitted uses. Only the following shall be permitted:
(1) Agriculture, including silviculture and horticulture.
(2) Single-family detached dwellings, provided that clustering of the permitted dwellings shall be required in accordance with § 160-19D whenever two or more units are proposed as part of a residential development.
[Amended 7-25-2012 by Ord. No. 20-7-2012]

Rental Analysis

275 Braddock Mill Rd – Buy-Rent Analysis
269 Braddock Mill Rd – Development Analysis
Comparables from the MLS used to determine ARV (Development Property)
Avg. Sale Price: $259,750
Avg. PPSF: $249
Address Price Sold Sold Date Size (sf) Price per sf
196 Braddock Mill Rd,
Evesham, NJ 08053
229,500.00 7/1/2019 1105 $208
110 Colony Trl,
Marlton, NJ 08053
290,000.00 5/1/2020 1000 $290

 

Price:
$130,000
Address:
269 Braddock Mill Rd
Marlton, NJ 08053
Square Feet:
1,075
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location