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Turnkey Multi-Family 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.
27-29 N Dean Ave. Trenton, NJ 08618
Turnkey Rental
Units Breakdown:
– 27 N Dean Ave. (with tenant)
Updated Mechanicals within the last 10 years.
Unit 1(first floor) 2bed/1bth – Big around 1000sf – Section 8 – $1100 rent
Unit 2 (second floor) 5bed/1.5bth – $1450 rent
A recent renovation was done.
All units are separately metered
– 29 N Dean Ave. (with tenant)
Unit 1(first floor) 2bed/1bth – Section 8 – $1100 rent
Unit 2(second floor) 5bed/1.5bth – Vacant – $1500 rent
All units are separately metered. Water has one meter for the property
Turnkey condition – no reno necessary.
Purchase/Rent
Wholesale Price: $410,000
After Repair Value: $510,000
Yearly Net Cash Flow: $15,841
Cash on Cash Return: 16.82%
Cap Rate: 8.90%
Property Information
Building Type: Single Family Residence
Bedroom: 14
Real Estate Tax: $12,730
Vacant: No
Owner Occupied: Non-Owner Occupied
Construction Details:
Facade and Exterior: Stucco
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: N/A
Public Water: Yes
Public Sewer: Yes
Zoning: Residential
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) |
| 1310 W STATE ST TRENTON, NJ |
185,000.00 | 9/16/2020 | 2798 | 1900 | 66.11 | 0.04 |
| 1110 W STATE ST TRENTON, NJ |
255,000.00 | 9/21/2020 | 2328 | 1912 | 109.53 | 0.13 |
| 1108 W STATE ST TRENTON, NJ |
255,000.00 | 9/21/2020 | 2328 | 1900 | 109.53 | 0.13 |
| 1106 W STATE ST TRENTON, NJ |
255,000.00 | 9/21/2020 | 1880 | 1912 | 135.63 | 0.13 |
| 114 LACLEDE AVE TRENTON, NJ |
140,000.00 | 9/29/2020 | 1434 | 1910 | 97.62 | 0.24 |
| 3 BUCKINGHAM AVE TRENTON, NJ |
207,000.00 | 6/22/2020 | 2126 | 1930 | 97.36 | 0.24 |
| 10 COLUMBIA AVE TRENTON, NJ |
135,000.00 | 11/9/2020 | 1331 | 1924 | 101.42 | 0.28 |
| 11 BUCKINGHAM AVE TRENTON, NJ |
265,000.00 | 9/10/2020 | 2128 | 1925 | 124.53 | 0.28 |
Rental Analysis
