7 US Route 130 BORDENTOWN, NJ 08620 For Sale

  • $55,000 ( ARV $188,042 )
  • 3 beds
  • 1.0 baths
  • 1216 sqft

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.

7 Route 130 – BORDENTOWN, NJ 08620

Fix & Flip

Wholesale Price:  $55,000
Rehab Cost:  $50,000
 Update Kitchen
– Update Bathroom
– Refinish interior walls
– Refinish Interior floors
– Finish 3rd bedroom on the first floor
– Waterproof basement


After Repair Value: $188,042   based on mls comps (see comps below)
Projected Net Profit:                                          $63,120

 

This projected ARV is conservative. The property next door to this property sold in January 2019 for $235,000

Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from
subject property (mi)
3 US HIGHWAY 130
 BORDENTOWN, NJ
235,000 1/7/2019 1305 1950 180.07 0.01

Property Information

Building Type: SINGLE FAMILY RESIDENCE

Bedrooms: 3

Bathrooms: 1.0

Square footage: 1216

Lot size: 9,324

Real Estate Tax:  $4,709.25

Occupancy: Vacant

Parking: Driveway

Construction Details

Facade and Exterior:

Roof: Singles

Electric: Breakers

Heating: Hot water

Plumbing: Copper

Laundry: 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                                                          $55,000
Rehab Cost                                                                   $50,000
10% Rehab Hedge                                                     $3,000
Estimated closing costs                                          $3,760
Estimated holding costs                                         $3,760
Estimated selling costs (5% of ARV)                  $9,402
Total Initial Investment:                                         $124,922

Net Profit Calculation                                                                                        

Estimated After Repair Value                              $188,042
Total Estimated Investment                                -$124,922
Projected Net Profit:                                          $63,120

 

 

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)
3 US HIGHWAY 130
 BORDENTOWN, NJ
235,000 1/7/2019 1305 1950 180.07

0.01

815 EAST DR 
BORDENTOWN, NJ
201,000.00 1/29/2019 1107 1946 181.57

0.82

18 GRAND AVE
BORDENTOWN, NJ
235,000 9/14/2018 1198 1970 196.16

0.84

19 ELM AVE
BORDENTOWN, NJ
128,750 10/24/2018 1160 1952 110.99

0.9

11 PINE AVE
BORDENTOWN, NJ
215,000 11/15/2018 1360 1950 158.08

0.93

755 MISSION RD
BORDENTOWN, NJ
106,000 2/14/2019 1050 1920 100.95

0.96

Average Cost/SQFT: $154

Average Sold Price: $186,791

After Repair Value: $188,042 (Subject Sqft X Avg Comp)

Price:
$55,000 ( ARV $188,042 )
Address:
7 US HIGHWAY 130
Bordentown, NJ 08620
Square Feet:
1216
Lot Size:
9,324
Bedrooms:
3
Bathrooms:
1.0
Terms:
For Sale
Property Type:
Home
Year Built:
1850
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location