144 S Logan Ave – Trenton For Sale

  • $60,000
  • 3 beds
  • 2 baths
  • 1134 sqft

Wholesale Investment Property

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144 S LOGAN AVE TRENTON, NJ 08609

This rental unit is profitable with a ( 11.34% ) Cap at the current rent of $1175.
Rent increase is expected by the tenants when their lease renews. At a new rent of $1275 the Cap Rate will increase to ( 12.99% ) 

This property has been well maintained. It has a new roof, updated kitchen, updated bathroom, and new laminate flooring.

This turnkey rental comes with stable long term tenants. 

Fix/Rent

Wholesale Price: $60,000
Rehab Cost: 5,000
After Repair Value: $75,127.50

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 3
Bathrooms: 2
Square footage: 1134
Lot size: 1,250
Real Estate Tax: $2,173
Occupancy: Vacant
Parking: Garage

Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Oil
Plumbing: Copper
Laundry: Yes
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)
1403 GREENWOOD AVE
TRENTON, NJ
72,000 6/18/2019 1176 1925 61.22 0.09
154 GARFIELD AVE
TRENTON, NJ
77,500.00 6/4/2019 1168 1924 66.35 0.11
24 S LOGAN AVE
TRENTON, NJ
80,000.00 1/15/2019 1256 1902 63.69 0.15
326 MASSACHUSETTS AVE
HAMILTON, NJ
94,600.00 1/15/2019 1210 1940 78.18 0.16
320 CLEVELAND AVE
TRENTON, NJ
77,000.00 3/5/2019 1246 1915 61.79 0.19

Average Cost/SQFT: $66.25

Average Sold Price: $80,220.00

After Repair Value: $75,127.50

Price:
$60,000
Address:
144 S LOGAN AVE
TRENTON, NJ 08609
Square Feet:
1134
Lot Size:
1,250
Bedrooms:
3
Bathrooms:
2
Terms:
For Sale
Property Type:
Home
Year Built:
1907
Const. Type:
SINGLE FAMILY RESIDENCE

Call (609) 807-1497 for more details

Property Location