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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.
412 Market St Gloucester, NJ 08030
Rental
Wholesale Price: $185,000
Rehab Cost: $65,000
After Repair Value: $282,000
Yearly Net Cash Flow: $20,452
Cash On Cash Return: 7.68%
Cap Rate: 8.18%
The above numbers are with rent stabilization. The current rents are below market.
Property Information
Building Type: Multi Family
Bedrooms: 4
Bathrooms: 1.5
Square footage: 2598
Real Estate Tax: $5,855
Vacant: No
Owner Occupied: Yes
Parking; Street
Construction Details: Currently used as a single family 4/1.5 Can convert this back into a duplex downstairs 2/1 upstairs 3/1. 2 separate water and electrical units.
Facade and Exterior: Vinyl
Roof: architectural shingles
Electric: Gas
Heating: Gas
Plumbing: Cast Iron & PVC
Laundry: yes
Sewer: Public
Water: public
Zoning: Residential Medium- duplex
Projected Financials:
The following pro-forma is based on stabilized property occupancy. Expenses and profits were derived from market research. (Click on the analysis graphic to view a larger format)
Comparables from the MLS used to determine ARV
Average Sold Price: $177,000.0
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 418 MARKET ST GLOUCESTER CITY, NJ |
189,000.00 | 4/13/2022 | 1602 | 1880 | 117.98 | 0.01 |
| 419 MARKET ST GLOUCESTER CITY, NJ |
165,000.00 | 10/28/2021 | 1664 | 1880 | 99.16 | 0.04 |