Wholesale Investment Property
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129 SHERMAN AVE TRENTON, NJ 08638
Turnkey Rental
Wholesale Price: $38,000
Rehab Cost: $2,500
After Repair Value: $49,000 based on mls comps (see comps below)
Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 3
Bathrooms: 1.0
Square footage: 1116
Lot size: 1,298
Real Estate Tax: $1,412.72
Occupancy: With Tenant
Parking: Driveway
Construction Details
Facade and Exterior: siding
Roof: Singles
Electric: breakers
Heating: forced air
Plumbing: copper
Zoning: Residential
Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.
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) |
| 619 N OLDEN AVE TRENTON, NJ |
36,000.00 | 11/9/2018 | 1102 | 1887 | 32.66 | 0.05 |
| 605 N OLDEN AVE TRENTON, NJ |
87,500.00 | 1/11/2019 | 1268 | 1900 | 69 | 0.05 |
| 173 SHERMAN AVE TRENTON, NJ |
58,000.00 | 7/23/2018 | 1208 | 1877 | 48.01 | 0.07 |
| 24 SHERMAN AVE TRENTON, NJ |
42,000.00 | 1/15/2019 | 1008 | 1907 | 41.66 | 0.1 |
| 33 MEADE ST TRENTON, NJ |
40,000.00 | 6/8/2018 | 672 | 1900 | 59.52 | 0.19 |
| 49 MECHANICS AVE TRENTON, NJ |
35,000.00 | 8/1/2018 | 1157 | 1891 | 30.25 | 0.2 |
| 118-120 E TRENTON AVE TRENTON, NJ |
69,000.00 | 1/10/2019 | 1980 | 1900 | 34.84 | 0.28 |
| 521 SAINT JOES AVE TRENTON, NJ |
82,500.00 | 9/20/2018 | 1680 | 1900 | 49.1 | 0.3 |
Average Cost/SQFT: $34.05
Average Sold Price: $56,250
After Repair Value: $49,000