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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.
512 New Brunswick Ave. Phillipsburg, NJ 08865
This property works as a Fix and Flip or Rental:
Wholesale Price: $107,800
Rehab Cost: $40,000
After Repair Value: $230,000
Projected Net Profit: $46,000
Property Information
Building Type: Duplex
Beds: 3
Baths: 1.5
Property SF: 1335
Real Estate Tax: $2,953
Vacant: No
Owner Occupied: No
Parking: 2 cars detached
Construction Details:
Facade and Exterior: siding
Roof: shingle
Electric: Electric is original but owner did not have any complaints about it
Heating: Heating is via oil tank which is above ground but located in the basement
Plumbing: Plumbing will need updates in kitchen and baths
Laundry: Laundry hook ups in basement.
Water: public
Sewer: public
Zoning: Single Family
Projected Financials:
The following pro-forma is based on stabilized property occupancy. Expenses and profits were derived from market research.
FixFlip Analysis
Rental Analysis
Comparables from the MLS used to determine ARV
After Repair Value: $230,000.00
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 304 PENNSYLVANIA AVE PHILLIPSBURG, NJ |
259,900.00 | 8/16/2021 | 1200 | 1995 | 216.58 | 0.08 |
| 300 NEW JERSEY AVE PHILLIPSBURG, NJ |
300,000.00 | 11/8/2021 | 1407 | 1951 | 213.21 | 0.13 |
| 400 MARCH BLVD PHILLIPSBURG, NJ |
298,000.00 | 6/25/2021 | 1344 | 1931 | 221.72 | 0.19 |
| 201 SUSSEX ST PHILLIPSBURG, NJ |
222,000.00 | 10/28/2021 | 960 | 1951 | 231.25 | 0.21 |
| 190 WILLIAMS ST PHILLIPSBURG, NJ |
310,000.00 | 12/14/2021 | 1755 | 1954 | 176.63 | 0.25 |
| 1335 S MAIN ST PHILLIPSBURG, NJ |
350,000.00 | 7/19/2021 | 1996 | 1887 | 175.35 | 0.28 |