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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
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
| 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 |