621 Lakehurst Rd – Browns Mills Available

  • $159,500
  • 4 beds
  • 1.5 baths
  • 1,968 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.

621 Lakehurst Rd Browns Mills, NJ 08015

Fix & Flip

Wholesale Price:  $159,500
Rehab Cost:  $70,000    
After Repair Value: $300,000 – $322,476
Projected Net Profit: $40,500 – $62,976

Property Information

Building Type:
Bedrooms: 4
Bathrooms: 1.5
Square footage: 1,968
Real Estate Tax: $4,461
Vacant: No – Will be delivered vacant
Owner Occupied: Yes
Parking: Yes

Construction Details

Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Oil
Plumbing: Copper
Laundry: Yes
Water: Well
Sewer: Septic
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                                                       $159,500
Rehab Cost                                                                    $70,000
Estimated closing costs                                              $6,000
Estimated holding costs                                             $9,000
Estimated selling costs (5% of ARV)                     $15,000
Total Initial Investment:                                    $259,500

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $300,000 – $322,476
Total Estimated Investment                                   $259,500
Projected Net Profit:                                            $40,500 – $62,976

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $163.86 
Average Sold Price: $199,250.00 
After Repair Value: $322,476
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
4 PUEBLO TER
BROWNS MILLS, NJ
187,000.00 1/15/2021 1092 1986 171.24 0.19
74 SEPULGA DR
BROWNS MILLS, NJ
221,000.00 3/17/2021 1380 1970 160.14 0.25
7 COCHITA TRL
BROWNS MILLS, NJ
204,000.00 3/26/2021 1288 1983 158.38 0.43
24 TENSAW DR
BROWNS MILLS, NJ
185,000.00 3/1/2021 1104 1954 167.57 0.46

 

 

Price:
$159,500
Address:
621 Lakehurst Rd Browns
Mills, NJ 08015
Square Feet:
1,968
Lot Size:
22,000
Bedrooms:
4
Bathrooms:
1.5
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1970
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location