1416 S Clinton Ave., Trenton Pending

  • $210,000
  • 5 beds
  • 4 baths
  • 2,408 sqft

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Turnkey Multi-Family 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 to purchase with a Mortgage, Cash, Hard Money or Private Money.

1416 S Clinton Ave. Trenton, NJ 08610

Units Breakdown:

Unit 1 – Studio – $675
Unit 2 – 1 /1 – $600
Unit 3 – 1/1 – 625
Unit 4 – 2/1 – 750
Total monthly rent $2650

Everything is up to date. Reno in around 2015. Including new forced air and electric. New sewer.

No renovations necessary – the property is up to date – Newer roof around 4 years ago.

Turnkey Rental

Wholesale Price: $210,000
After Repair Value: $255,729
Yearly Net Cash Flow: $8,103
Cash on Cash Return : 12.02%
Cap Rate: 8.30%

Property Information
Building Type: Single Family Residence
Bedroom: 4 + Studio
Bath: 4
Real Estate Tax: $5,590
Vacant: No
Owner Occupied: Non-Owner Occupied

Construction Details:
Facade and Exterior: Vinyl Siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: N/A
Public Water: Yes
Public Sewer: Yes
Zoning: Residential

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)
335 WILLIAM ST
TRENTON, NJ
219,000.00 11/13/2020 2168 1991 101.01 0.1
220 WOODLAND ST
TRENTON, NJ
90,000.00 11/30/2020 972 1900 92.59 0.12
343 RUSLING ST
TRENTON, NJ
180,000.00 12/7/2020 1420 1987 126.76 0.14
1622 S CLINTON AVE
TRENTON, NJ
80,000.00 10/8/2020 798 1926 100.25 0.15

Rental Analysis

 

Price:
$210,000
Address:
1416 S Clinton Ave
Trenton, NJ 08610
Square Feet:
2,408
Lot Size:
2,500
Bedrooms:
5
Bathrooms:
4
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1890
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location