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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.
(Assignment of contract not for sale.)
42 LUMAR RD. LAWRENCEVILLE, NJ 08648
Fix & Flip
Wholesale Price: $242,349
Rehab Cost: $60,000
After Repair Value: $380,540
Projected Net Profit: $45,364
Property Information
Building Type: Single Family Home
Bedrooms: 4
Bathrooms: 2.
Square footage:1,728
Real Estate Tax: $6,749
Vacant: Yes
Parking: 1 car garage
Construction Details
Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
Fix and Flip
Investment Type Cost
Wholesale Price $242,349
Rehab Cost $60,000
Estimated closing costs $6,900
Estimated holding costs $6,900
Estimated selling costs (5% of ARV) $19,027
Total Initial Investment: $335,176
Net Profit Calculation
Estimated After Repair Value $380,540
Total Estimated Investment $335,176
Projected Net Profit: $45,364
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) |
| 15 JILL LN LAWRENCEVILLE, NJ |
355,000.00 | 4/24/2020 | 1728 | 1962 | 205.43 | 0.16 |
| 3 ALLWOOD DR LAWRENCEVILLE, NJ |
360,000.00 | 11/23/2020 | 1728 | 1961 | 208.33 | 0.22 |
| 8 DARRAH LN LAWRENCEVILLE, NJ |
350,000.00 | 9/29/2020 | 1380 | 1962 | 253.62 | 0.22 |
Average Sold Price: $355,000