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: $793,440
Projected Net Profit: $158,690
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
Average Sold Price: $841,225
| Address | Price Sold | Sold Date | Size (sf) | Year Built | Price per sf | Distance from subject property (mi) |
| 8 JENNIE DR. MANAHAWKIN, NJ | $745,000 | 01/15/2020 | 2,280 | 2019 | $326 | .2 |
| 1088 WALTER BLVD. MANAHAWKIN, NJ | $845,000 | 09/16/2020 | 2,600 | 2020 | $325 | .3 |
| 31 JOSHUA DR. MANAHAWKIN, NJ | $955,000 | 09/15/2020 | 2,450 | 2020 | $389 | .2 |
| 12 MARY JEANNE LN. MANAHAWKIN, NJ | $819,900 | 06/30/2020 | 2,320 | 2020 | $353 | 1.2 |