Property Description:

To see more details and pictures on the property please check the link:realestateacquisitions.co/property/47-lower-harrison-st-princeton-nj-08540/ 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. 47 Lower Harrison St. Princeton NJ 08540 Fix & Flip Wholesale Price:  $690,787  Rehab Cost:  $65,000 - Paint property exterior - Repair garage roof - Repair garage soffit - Refinish 3 bathrooms - Replace kitchen countertop After Repair Value: $ 1,010,000 based on mls comps (see comps below) Projected Net Profit: $ 151,351 = 15% ROI Property Information Building Type: SINGLE FAMILY RESIDENCE Bedrooms: 4 Bathrooms: 3 Square footage:  2891 Lot size:  25,478 Real Estate Tax:  $17,036.18 Occupancy: Occupied Parking: Garage Construction Details Facade and Exterior: Wood 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   $690,787 Rehab Cost      $65,000 Rehab Hedge 10%  $6,500 Estimated closing costs  $20,193 Estimated holding costs  $25,241 Estimated selling costs (5% of ARV)  $50,500 Total Initial Investment:  $858,221 Net Profit Calculation Estimated After Repair Value   $1,010,000 Total Estimated Investment      $858,221 Projected Net Profit:      $151,351 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) 59 MACLEAN CIR 722,500.00 1/14/2019 2852 1968 253.33 0.42 PRINCETON, NJ 552 LAKE DR 1,015,000.00 8/13/2018 2656 1955 382.15 0.58 PRINCETON, NJ 35 KNOLL DR 950,000.00 10/18/2018 2464 1956 385.55 0.65 PRINCETON, NJ 83 PHILIP DR 1,088,500.00 9/17/2018 2939 1963 370.36 0.89 PRINCETON, NJ 23 HEMLOCK CIR 936,000.00 8/27/2018 2582 1966 362.5 0.9 PRINCETON, NJ 185 PROSPECT AVE 833,375.00 12/7/2018 2440 1940 341.54 0.92 PRINCETON, NJ Average Cost/SQFT: $349.24 Average Sold Price: $924,229.17 After Repair Value: $1,009,652.84