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.
Wholesale Price: $60,000
Rehab Cost: 5,000
After Repair Value: $75,127.50
Building Type: SINGLE FAMILY RESIDENCE
Square footage: 1134
Lot size: 1,250
Real Estate Tax: $2,173
Facade and Exterior: Wood
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
|1403 GREENWOOD AVE
|154 GARFIELD AVE
|24 S LOGAN AVE
|326 MASSACHUSETTS AVE
|320 CLEVELAND AVE
Average Cost/SQFT: $66.25
Average Sold Price: $80,220.00