27-29 N Dean Ave., Trenton Available

  • $410,000
  • 14 beds
  • 5 baths
  • 6,720 sqft

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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.

This property is available to purchase with a Mortgage, Cash, Hard Money or Private Money.

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

 

Price:
$410,000
Address:
27-29 N Dean Ave
Trenton, NJ 08618
Square Feet:
6,720
Lot Size:
7,501
Bedrooms:
14
Bathrooms:
5
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1920
Const. Type:
Single Family Residence

Call (609) 807-1497 for more details

Property Location