811 Columbus Rd – Burlington For Sale

  • $77,132
  • 3 beds
  • 1 baths
  • 1,176 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.

811 COLUMBUS RD BURLINGTON NJ 08016

This property is currently configured as a 2 bed 1 bath. The attic should be converted to the third bedroom to maximize resale value.

The attic is ready for conversion to a bedroom and has the necessary window and a closet can easily be built.

Fix & Flip

Wholesale Price:  $77,132  
Rehab Cost:  $40,000    
After Repair Value: $166,004  
Projected Net Profit: $30,612   

Property Information

Building Type: Cape Cod
Bedrooms: 3
Bathrooms: 1
Square footage: 1,176
Real Estate Tax: $4,888
Vacant: Yes
Owner Occupied: No
Parking: Yes

Construction Details

Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Oil
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                                                         $77,132  
Rehab Cost                                                                    $40,000
Estimated closing costs                                              $3,320
Estimated holding costs                                             $6,640
Estimated selling costs (5% of ARV)                       $8,300
Total Initial Investment:                                     $135,392  

Net Profit Calculation                                                               

Estimated After Repair Value                               $166,004 
Total Estimated Investment                                  $135,392
Projected Net Profit:                                               $30,612 

 

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)
808 BORDENTOWN RD
BURLINGTON, NJ
163,000.00 8/20/2020 1176 1950 138.6 0.1
932 MOUNT RD
BURLINGTON, NJ
172,400.00 5/29/2020 1200 1950 143.66 0.22
Average Cost/SQFT: $141.16 
Average Sold Price: $167,700 
After Repair Value: $166,004.16 
Price:
$77,132
Address:
811 Columbus Rd
Burlington, NJ 08016
Square Feet:
1,176
Lot Size:
7,000
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1942
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location