97 N Maple Ave – Tuckerton For Sale

  • $87,923
  • 3 beds
  • 1 baths
  • 2,161 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.

97 N MAPLE AVE. TUCKERTON, NJ 08087

Fix and Flip
Wholesale Price: $87,923
Rehab Cost: $100,000
After Repair Value: $261,005
Projected Net Profit: $46,981

Property Information

Building Type: Single Family Home
Bedrooms: 3
Bathrooms: 1
Square footage: 2,161
Real Estate Tax: $3,970.
Vacant: Yes
Owner Occupied: No
Parking: Drive way and detached garage

Facade and Exterior: Siding
Roof: Shingles
Electric: Breakers
Heating: Electric
Plumbing: Copper
Laundry: On site
Public Water: No – Well Water
Public Sewer: No – Septic
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                                                         $87,923
Rehab Cost                                                                 $100,000
Estimated closing costs                                            $6,525
Estimated holding costs                                           $6,525
Estimated selling costs (5% of ARV)                 $13,050
Total Initial Investment:                                    $214,023

Net Profit Calculation                                                               

Estimated After Repair Value                               $261,005
Total Estimated Investment                                  $214,023
Projected Net Profit:                                                 $46,981

 

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)
81 N MAPLE AVE

TUCKERTON, NJ

275,000.00 9/15/2020 2288 1800 120.19 0.12
116 N MAPLE AVE

TUCKERTON, NJ

390,000.00 8/18/2020 3218 1970 121.19 0.25
Average Cost/SQFT: $120.78
Average Sold Price: $332,500.00
After Repair Value: $261,005.58
Price:
$87,923
Address:
97 N Maple Ave
Tuckerton, NJ 08087
Square Feet:
2,161
Lot Size:
29,708
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1870
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location