61 Forest Ave – Keansburg Available

  • $92,000
  • 2 beds
  • 1 baths
  • 629 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.

61 Forest Ave, Keansburg, NJ 07734

Fix and Flip

Wholesale Price: $92,000
Rehab Cost:   $40,000
After Repair Value: $200,000
Projected Net Profit: $47,000

Property Information

Building Type: Single Family Residence
Real Estate Tax: $2,758
Vacant: Yes
Parking: Street

Construction Details:

Facade and Exterior: Siding
Roof: wood / Shingles
Electric: None
Heating: None
Plumbing: None
Laundry: None
Water: Public Water
Sewer: Public Sewer
Zoning: Residential

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.

Fix and Flip

Investment Type                                                             Cost                                 

Wholesale Price                                                             $92,000
Rehab Cost                                                                        $40,000 
Estimated closing costs                                                  $5,000 
Estimated holding costs                                                 $6,000 
Estimated selling costs (5% of ARV)                        $10,000 
Total Initial Investment:                                         $153,000  

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $200,000
Total Estimated Investment                                       $153,000 
Projected Net Profit:                                                      $47,000 

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $318.19
Average Sold Price: $226,666.67
After Repair Value: $200,000 
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
130 FOREST AVE
KEANSBURG, NJ
230,000.00 5/19/2022 616 1920 373.38 0.17
30 SEASIDE PL
KEANSBURG, NJ
225,000.00 11/30/2021 690 1942 326.09 0.22
184 SEELEY AVE
KEANSBURG, NJ
225,000.00 8/8/2022 882 1938 255.1 0.56
Price:
$92,000
Address:
61 Forest Ave
Keansburg , NJ 07734
Square Feet:
629
Lot Size:
2,500
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Apartment
Year Built:
1952
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

Property Location