35 W 2nd St – Bound Brook For Sale

  • $270,000
  • 3 beds
  • 2 baths
  • 1,913 sqft

Wholesale Investment Property  – Turnkey Rental

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 has 2 Rental Units:
3 bedroom ($1600 current rent. This is an under-market rent and can be increased) and a 1 bedroom $1800 current rent.

35 W 2ND St BOUND BROOK, NJ 08805

Wholesale Price: $270,000
Rehab Cost:  $25,000
After Repair Value: $350,000
Cap Rate: 8.10% 

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms:  4
Bathrooms:  2
Square footage: 1,913
Lot size: 7,501
Real Estate Tax: $8,024
Occupancy: Occupied
Parking: Garage

Construction Details
Facade and Exterior: Asbestos Shingles
Roof: Shingles
Electric: Breakers
Heating: Oil
Plumbing: Copper
Laundry: Yes
Zoning: Residential   

Rental Analysis

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)
38 W HIGH ST
BOUND BROOK, NJ
288,000 11/22/2019 1712 1908 168.22 0.08
23 JOHN ST
BOUND BROOK, NJ
200,000.00 3/23/2020 1320 1915 151.51 0.13
112 W HIGH ST
BOUND BROOK, NJ
370,000.00 3/6/2020 1882 1900 196.59 0.13
21 E HIGH ST
BOUND BROOK, NJ
360,000.00 7/1/2020 1811 1850 198.78 0.16
148 W FRANKLIN ST
BOUND BROOK, NJ
320,000.00 1/22/2020 1702 1900 188.01 0.22
237 W FRANKLIN ST
BOUND BROOK, NJ
280,000.00 11/22/2019 1434 1910 195.25 0.34

Average Cost/SQFT: $183.07
Average Sold Price: $303,000
After Repair Value: $350,000

Price:
$270,000
Address:
35 W 2nd St
Bound Brook, NJ 08805
Square Feet:
1,913
Lot Size:
7,501
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1865
Const. Type:
Duplex

Call (609) 807-1497 for more details

Property Location