93 Longview Dr – Green Brook Pending

  • $279,625
  • 4 beds
  • 2.5 baths
  • 2,444 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.

93 LONGVIEW DR GREEN BROOK, NJ 08812

Fix & Flip

Wholesale Price:  $279,625
Rehab Cost:  $90,000 
After Repair Value: $475,000 
Projected Net Profit: $53,125

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms:   4
Bathrooms:   2.5
Square footage:  2,444
Real Estate Tax:  $12,444
Occupancy: Vacant
Parking: Yes

Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: Yes
City Sewage
Zoning: Residential

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

Investment Type                                                    Cost                                 

Wholesale Price                                                       $279,625  
Rehab Cost                                                                    $90,000
Estimated closing costs                                              $9,500
Estimated holding costs                                             $19,000
Estimated selling costs (5% of ARV)                       $23,750
Total Initial Investment:                                     $421,875

Net Profit Calculation                                                                                    

Estimated After Repair Value                               $475,000  
Total Estimated Investment                                  $421,875
Projected Net Profit:                                               $53,125

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)
78 LONGVIEW DR
GREEN BROOK, NJ
545,000.00 12/11/2019 2935 1970 185.68 0.16
20 LENOX AVE
GREEN BROOK, NJ
325,000.00 3/13/2020 1488 1960 218.41 0.32
341-343 TOP AVE
GREEN BROOK, NJ
460,000.00 12/27/2019 2064 2017 222.86 0.41
207 4TH ST
GREEN BROOK, NJ
465,000.00 4/20/2020 2064 1960 225.29 0.43
Average Cost/SQFT:$213.07  
Average Sold Price:$448,750.00 
After Repair Value: $475,000
Price:
$279,625
Address:
93 Longview Dr
Green Brook, NJ 08812
Square Feet:
2,444
Lot Size:
49,502
Bedrooms:
4
Bathrooms:
2.5
Terms:
For Sale
Property Type:
Home
Year Built:
1970

Call (609) 807-1497 for more details

Property Location