Wholesale Investment Property
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397 SAINT JOES AVE TRENTON, NJ 08638
Turnkey Rental
Wholesale Price: $36,348
Rehab Cost: $2,500
After Repair Value: $43,000 based on mls comps (see comps below)
Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 2
Bathrooms: 2
Square footage: 1048
Lot size: 1,259
Real Estate Tax: $1,563.90
Occupancy: With Tenant
Parking: Driveway
Construction Details
Facade and Exterior: siding
Roof: Singles
Electric: breakers
Heating: forced air
Plumbing: copper and pvs
Laundry: yes
Zoning: Residential
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 subject property (mi) |
| 521 SAINT JOES AVE TRENTON, NJ |
82,500.00 | 9/20/2018 |
1680 |
1900 |
49.1 |
0.05 |
| 49 MECHANICS AVE TRENTON, NJ |
35,000.00 | 8/1/2018 |
1157 |
1891 |
30.25 |
0.08 |
| 219 MULBERRY ST TRENTON, NJ |
66,000.00 | 7/23/2018 |
1071 |
1887 |
61.62 |
0.1 |
| 41 KLAGG AVE TRENTON, NJ |
29,900.00 | 7/3/2018 |
1080 |
1920 |
27.68 |
0.12 |
| 323 KLAGG AVE TRENTON, NJ |
37,000.00 | 1/4/2019 |
1080 |
1892 |
34.25 |
0.15 |
| 24 SHERMAN AVE TRENTON, NJ |
42,000.00 | 1/15/2019 |
1008 |
1907 |
41.66 |
0.23 |
| 127 SHERMAN AVE TRENTON, NJ |
36,500.00 | 12/17/2018 |
972 |
1897 |
37.55 |
0.25 |
| 173 SHERMAN AVE TRENTON, NJ |
58,000.00 | 7/23/2018 |
1208 |
1877 |
48.01 |
0.26 |
| 619 N OLDEN AVE TRENTON, NJ |
36,000.00 | 11/9/2018 |
1102 |
1887 |
32.66 |
0.3 |
Average Cost/SQFT: $34.68
Average Sold Price: $46,988.89
After Repair Value: $43,000