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.
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