643 State St – Perth Amboy Pending

  • $145,980
  • 3 beds
  • 2 baths
  • 1,462 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.

643 State St Perth Amboy, NJ 08861

Fix & Flip OR Buy/Fix/Rent

Wholesale Price: $145,980

Fix & Flip
Rehab Cost: $73,000
After Repair Value: $290,000
Projected Net Profit: $40,570

Buy/Fix/Rent
Rehab Cost: $73,000
After Repair Value: $290,000
Yearly Net Cash Flow: $16,901
Cash On Cash Return: 7.18%
Cap Rate: 7.18%

Property Information

Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 2
Square footage: 1,462
Real Estate Tax: $4,931
Vacant: Yes
Parking: Back Alley & Street

Construction Details

Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
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                                                         $145,980  
Rehab Cost                                                                    $73,000
Estimated closing costs                                              $7,250
Estimated holding costs                                             $8,700
Estimated selling costs (5% of ARV)                       $14,500
Total Initial Investment:                                     $249,430 

Net Profit Calculation                                                               

Estimated After Repair Value                               $290,000 
Total Estimated Investment                                  $249,430
Projected Net Profit:                                               $40,570 

Rental Analysis

Comparables from the MLS used to determine ARV
Average Cost/SQFT:$180.34 
Average Sold Price:$250,000.00 
After Repair Value:$290,000.00 
Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject
property (mi)
653 STATE ST
PERTH AMBOY, NJ
200,000.00 9/24/2020 1001 1909 199.8 0.02
651 ELIZABETH ST
PERTH AMBOY, NJ
269,000.00 11/25/2020 1676 1909 160.5 0.07
655 CHARLES ST
PERTH AMBOY, NJ
266,000.00 11/12/2020 1584 1939 167.92 0.12
100 BUCKINGHAM AVE
PERTH AMBOY, NJ
265,000.00 12/8/2020 1284 1890 206.38 0.24

 

Price:
$145,980
Address:
643 State St 
Perth Amboy, NJ 08861
Square Feet:
1,462
Lot Size:
1,999
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1909
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location