412 Market St-Gloucester Available

  • $185,000
  • 4 beds
  • 1.5 baths
  • 2598 sqft

*To expand the pictures and see them in HD Please click on the large photo.

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 Cost/SQFT: $108.57
Average Sold Price: $177,000.0
After Repair Value: $282,064.86 
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
Price:
$185,000
Address:
412 Market St
Gloucester, NJ 08030
Square Feet:
2598
Lot Size:
4,931
Bedrooms:
4
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1880
Const. Type:
Multi Family

Call (609) 807-1497 for more details

Property Location