64 Morris Blvd – Manahawkin – Development Opportunity For Sale

  • $275,000
  • 4 beds
  • 2 baths
  • 2,280 sqft

Wholesale Investment Property – Development Opportunity

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.

64 MORRIS BLVD. MANAHAWKIN NJ 08050

This investment opportunity assumes that the current house on this property will be demolished and a new house will be built.

Wholesale Price: $275,000
Building Cost:  $285,000

Holding Cost: $30,000
Closing Cost: $7,500
Sales Cost:$37,250

Total Initial Investment: $634,750

After Repair Value: $745,000 – 775,000
Projected Net Profit: $110,250 – $145,250

Property Information – of the potential rebuild
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 4
Bathrooms: 2.5
Square footage: 2280
Property Tax: $5,828.00 (this is the current tax on this property, which will go up after re-development)
Parking: Yes
  • 4beds
  • 2.5baths
  • 2,280sq ft
  • 4,800sqft lot

Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
City Sewage
Zoning: Residential

After Repair Value: $745,000 – 775,000
Development Model that the above numbers are based on is seen below.
Address Price Sold Sold Date
8 JENNIE DR MANAHAWKIN, NJ 745,000.00 1/15/2020

Price:
$275,000
Address:
64 Morris Blvd
Manahawkin, NJ 08050
Square Feet:
2,280
Lot Size:
4,800
Bedrooms:
4
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1964

Call (609) 807-1497 for more details

Property Location