42 Lumar Rd – Lawrenceville Pending

  • $242,349
  • 4 beds
  • 2.5 baths
  • 1,728 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.
(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 Cost/SQFT: $220.22 
Average Sold Price: $355,000 
After Repair Value: $380,540
Price:
$242,349
Address:
42 Lumar Rd
Lawrenceville, NJ 08648
Square Feet:
1,728
Bedrooms:
4
Bathrooms:
2.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1958
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

Property Location