20 Division St – Trenton Pending

  • $79,312
  • 6 beds
  • 2 baths
  • 1,722 sqft

Purchase and Rent DUPLEX – 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.

20 DIVISION ST TRENTON NJ 08611

First Floor – 2/1 Lease has been signed for a move in on Nov 15th – $900 a month
Second Floor – 4/1 Lease has been signed for a move in on Nov 15th – $1200 a month.

Two Units: 
First Floor – 2 Bedrooms 1 Bathroom;
Second Floor – 4 Bedrooms 1 Bathroom

Wholesale Price: $79,312
Renovation Cost: $40,000
After Repair Value: $126,012
Yearly Net Cash Flow: $16,087
Cap Rate: 12.77%

Property Information

Building Type: Duplex
Bedrooms: 6
Bathrooms: 2
Real Estate Tax: $2,777
Vacant: Yes but will come with tenants. Leases have been signed.
Owner Occupied: No
Parking: Yes

Construction Details:
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: Yes
Public Water: Yes
Public Sewer: Yes
Zoning: Residential

Rental Analysis

 

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)
37 FRANKLIN ST
TRENTON, NJ
88,000.00 2/7/2020 1170 1897 75.21 0.13
137 KENT ST
TRENTON, NJ
159,000.00 1/13/2020 1620 1910 98.14 0.13
419 ELMER ST
TRENTON, NJ
109,200.00 8/31/2020 1512 1907 72.22 0.21
Average Cost/SQFT: $82.80
Average Sold Price: $118,733.33
After Repair Value: $126,012
Price:
$79,312
Address:
20 Division St
Trenton, NJ 08611
Square Feet:
1,722
Lot Size:
1,455
Bedrooms:
6
Bathrooms:
2
Terms:
For Sale
Property Type:
Duplex
Year Built:
1906
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location