Owner
$779,899
1944 CORLIES AVE # 203, NEPTUNE, NJ
Quick Facts
owner occupied
No
vacant
No
corporate owner
Yes
beds
0
baths
0
sq. ft.
2,606
property type
Medical Bldg/Clinic
hoa
No
About
Office
Living Area
2 Stories
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1996
Building Size
2,606 sq ft
Lot Size
142,156 sq ft
Lot Size (Acres)
3.26 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
35-01204-0000-00001-0000-C203
County
Monmouth County, New Jersey
Metro Area
New York-Newark-Jersey City, NY-NJ
Zoning
ES
Neighborhood/Subdivision
—
Lot Number
1
School District
Neptune Township School District
Legal Description
FACILITY NAME: MEDICAL BLDG
Tax & Value Information
Market Value (Total)
$681,900
Building Value
$436,000
Land Value
$245,900
Annual Property Tax
—
Tax Assessment Year
2023
Assessed Value
$681,900
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
—
Recording Date
—
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$30,178
Return on Investment
15.60%
After Repair Value
$857,889
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$701,909
Renovation Cost
$38,995
Closing Costs (buying)
$14,038
Holding Costs
$21,295
Selling Costs
$51,473
Total Investment
$193,415
After Repair Value (ARV)
$857,889
Total Costs
$827,711
Estimated Profit
$30,178
Cash Invested
$179,377
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area