67 Old Post Rd – Edison Available

  • $299,000
  • 3 beds
  • 1 baths
  • 1,185 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.

67 Old Post Rd, Edison, NJ 08817

Fix and Flip

Wholesale Price: $299,000
Rehab Cost:   $60,000
After Repair Value: $487,106
Projected Net Profit: $84,267

Property Information

Building Type: Single Family Residence
Real Estate Tax: $8,003
Vacant: No
Owner Occupied: Yes
Parking: Fits 4 Cars

Construction Details:

Facade and Exterior: Aluminum Siding
Roof:  15 years old
Electric: Breaker Box 
Heating: Boiler
Plumbing: PVC 
Laundry: Yes
Sewer:  City sewer
Water: Public water
Zoning: RB

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.

Fix and Flip

Investment Type                                                             Cost                                 

Wholesale Price                                                             $299,000
Rehab Cost                                                                        $60,000
Estimated closing costs                                                  $9,742 
Estimated holding costs                                                 $9,742
Estimated selling costs (5% of ARV)                        $24,355
Total Initial Investment:                                         $402,839

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $487,106
Total Estimated Investment                                       $402,839
Projected Net Profit:                                                      $84,267

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $411.06
Average Sold Price: $408,750.00
After Repair Value: $487,106.10
Address  Price Sold  Sold Date  Size (sf)  Year Built  Price per sf  Distance from
subject
property (mi) 
23 VIOLET PL
EDISON, NJ 
390,000.00  11/3/2021  912  1943  427.63  0.11 
29 MARKET ST
EDISON, NJ 
475,000.00  1/19/2022  1058  1962  448.96  0.2 
93 SHARON AVE
EDISON, NJ 
395,000.00  11/16/2021  984  1943  401.42  0.24 
229 OLD POST RD
EDISON, NJ 
375,000.00  5/10/2022  1024  1952  366.21  0.31 
Price:
$299,000
Address:
67 Old Post Rd
Edison, NJ 08817
Square Feet:
1,185
Lot Size:
16,775
Bedrooms:
3
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1932
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location