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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
