62 Belinda Ct – Brick Pending

  • $208,000
  • 2 beds
  • 1 baths
  • 1,040 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.

62 Belinda Ct Brick, NJ 08724

Fix and Flip

Wholesale Price: $208,000
Rehab Cost:   $20,800 
After Repair Value: $295,349
Projected Net Profit: $33,965

Property Information 

Building Type: Ranch– Condo 
Beds: 2
Baths: 1
Property SF: 1,040
Real Estate Tax: $3,681
Vacant:  Yes
Owner Occupied: No
Parking: 2 Parking  spaces

Construction Details: Evergreen Woods Park,Desirable Ranch style condo 2 bedroom 1 bath , eat in kitchen with sliders to deck and common area, Plenty of closet space finished basement with a separate utility room Central AC. Conveniently located to GSP, Rt. 195 shopping and restaurants. unit is 1040 square feet without basement.

Facade and Exterior: Bricks
Roof: Shingle
Electric: Breaker
Heating: Forced Air, Natural Gas, Central Air
Plumbing: PVC
Laundry: yes
Sewer: Public Sewer
Water: Public
Zoning: Condo

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                                                             $208,000  
Rehab Cost                                                                        $20,800 
Estimated closing costs                                                  $5,906
Estimated holding costs                                                 $8,860  
Estimated selling costs (5% of ARV)                         $14,767
Total Initial Investment:                                          $258,333

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $295,349 
Total Estimated Investment                                       $258,333
Projected Net Profit:                                                      $37,016

Comparables from the MLS used to determine ARV

Average Cost/SQFT:$283.9
Average Sold Price:$293,125.00 
After Repair Value:$295,349.60 
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
34 ADRIANA CT
BRICK, NJ
232,500.00 4/27/2022 1056 1974 220.17 0.02
20 HERBORN AVE
BRICK, NJ
310,000.00 8/2/2021 1060 1966 292.45 0.1
47 BURNT TAVERN RD
BRICK, NJ
345,000.00 9/20/2021 1000 1955 345 0.18
1462 VIOLA CT
BRICK, NJ
285,000.00 5/5/2022 1024 1974 278.32 0.19
Price:
$208,000
Address:
62 Belinda Ct
Brick, NJ 08724
Square Feet:
1,040
Lot Size:
4,826
Bedrooms:
2
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Condo
Year Built:
1974
Const. Type:
Ranch- Condo

Call (609) 807-1497 for more details

Property Location