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: $793,440
Projected Net Profit: $158,690

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

Average Cost/SQFT: $348
Average Sold Price: $841,225
After Repair Value: $793,440
Comparables from the MLS used to determine ARV
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

 

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