351 S Clinton St – East Orange Assigned

  • $205,197
  • 3 beds
  • 1.5 baths
  • 1,296 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.

351 S Clinton St East Orange, NJ 07018 

Fix and Flip  

Wholesale Price: $205,197
Rehab Cost: $42,000
After Repair Value: $314,902
Projected Net Profit: $33,064

Property Information

Building Type: Single family Residence
Beds: 3
Baths: 1.5
Property SF: 1,296
Real Estate Tax: $5,651
Vacant: No
Owner Occupied: Yes
Parking: On street parking only

Construction Details:

Facade and Exterior: Siding
Roof: Flat roof
Electric: Breakers
Heating: Gas
Plumbing: Cast-iron pipes
Laundry: Yes
Water: Public
Sewer: Public
Zoning: Residential

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.

Fix and Flip

Investment Type                                                             Cost                                 

Wholesale Price                                                             $205,197   
Rehab Cost                                                                        $42,000 
Estimated closing costs                                                  $6,298   
Estimated holding costs                                                 $9,447   
Estimated selling costs (5% of ARV)                         $15,745 
Total Initial Investment:                                          $278,687

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $314,902   
Total Estimated Investment                                       $278,687   
Projected Net Profit:                                                      $36,215   

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $242.98
Average Sold Price: $322,729.17  
After Repair Value: $314,902.08  
Address  Price Sold  Sold Date  Size (sf)  Year Built  Price per sf  Distance from
subject
property (mi) 
337 S CLINTON ST
EAST ORANGE, NJ 
465,000.00  12/1/2021  2112  1952  220.17  0.03 
28 TELFORD ST
EAST ORANGE, NJ 
307,000.00  3/31/2021  1342  1920  228  0.12 
43 TELFORD ST
EAST ORANGE, NJ 
315,000.00  11/12/2021  1439  1940  218.9  0.15 
327 HALSTED ST
EAST ORANGE, NJ 
350,000.00  6/30/2021  1481  1925  236.32  0.15 
136 EPPIRT ST
EAST ORANGE, NJ 
228,000.00  9/9/2021  1230  1929  185  0.16 
440 HALSTED ST
EAST ORANGE, NJ 
351,750.00  11/12/2021  1540  1930  228.4  0.16 
77 TELFORD ST
EAST ORANGE, NJ 
290,000.00  1/31/2022  1694  1925  171  0.18 
35 EDGAR ST
EAST ORANGE, NJ 
290,000.00  12/2/2021  1788  1925  162  0.2 
295 HALSTED ST
EAST ORANGE, NJ 
315,000.00  5/11/2021  1100  1940  286  0.22 
240 SHEPARD AVE
EAST ORANGE, NJ 
311,000.00  6/6/2019  866  1920  359  0.25 
98 RHODE ISLAND AVE
EAST ORANGE, NJ 
355,000.00  4/23/2021  1152  1955  308  0.27 
28 OAK ST
EAST ORANGE, NJ 
295,000.00  3/4/2021  942  1930  313  0.35 
Price:
$205,197
Address:
351 S Clinton St
East Orange, NJ 07018
Square Feet:
1,296
Bedrooms:
3
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1930
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location