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Real Estate Acquisitions Co.

115 Ely Cres
Robbinsville, NJ 08691
 (609) 807-1497
Contact Us

Real Estate Acquisitions Co.

115 Ely Cres
Robbinsville, NJ 08691
 (609) 807-1497
Contact Us

332 Beaver Dr, Millville, NJ 08332

2 Bedrooms / 1 Baths / Single Family

Property Status: Available |  For Sale: $22,000.00



Wholesale Investment Property


Property Details:
Property Style:
Mobile Home
Year Built:
1954
Finished Sq. Ft:
1,040
Basement:
No Basement
Owner/Agent:
Owner / Agent

To see more details and pictures on the property please check the link: https://www.realestateacquisitions.co/property/332-beaver-dr-millville/
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.

332 Beaver Dr Millville, NJ 08332? 
Fix and Flip

Wholesale Price: $22,000 
Rehab Cost:   $75,000 
After Repair Value: $152,911
Projected Net Profit: $35,000 – $40,000

Property Information 

Building Type: Mobile Home
Beds: 2
Baths: 1
Real Estate Tax: $3,022
Vacant: yes
Owner Occupied: No
Parking: yes 

Construction Details:  this property needs everything done or tear down

Roof:  damages
Sewer: septic
Zoning: r-10

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.
Fix and Flip

Investment Type              Cost                                 

Wholesale Price             $22,000  
Rehab Cost                   $75,000 
Estimated closing costs  $4,587 
Estimated holding costs     $3,058 
Estimated selling costs (5% of ARV)   $7,645 
Total Initial Investment:   $112,290 

Net Profit Calculation                                                                                    

Estimated After Repair Value   $152,911 
Total Estimated Investment  $112,290 
Projected Net Profit: $40,621 

Comparables from the MLS used to determine ARV

Average Cost/SQFT: $147.0
Average Sold Price: $131,500.00
After Repair Value: $152,911.00 

Address                   Price Sold         Sold Date       Size (sf)     Year Built      Price per sf     Distance from subject property (mi)
6314 WHITTIER DR
MILLVILLE, NJ           135,000.00     12/14/2021      876           1960            154.11               0.63
26 LAUREL DR
MILLVILLE, NJ           160,000.00     2/4/2022          984           1991            162.6                   1
533 DANDELION RD
MILLVILLE, NJ            99,500.00      3/21/2019        800           1968            124.38               1.34



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