Purchase and Rent DUPLEX – Wholesale Investment Property
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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 Sold Price: $118,733.33