425 Cass St, Trenton NJ 08611 For Sale

  • $39,000
  • 3 beds
  • 1 baths
  • 1085 sqft

Wholesale Investment Property 

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425 Cass St, Trenton NJ 08611

This is a Turnkey rental property ready for a tenant to move in right after purchase. The property has been lived in by the owner and all property maintenance has been kept up with. There are no renovations necessary in order to be able to get the CO to rent this unit. The profitability of this investment can be increased by adding a third bedroom in the large attic with window.

This rental unit is profitable with a 14.38%  Cap.

Purchase/Rent

Wholesale Price: $39,000
Rehab Cost to turn attic into 3rd bedroom: $5000
After Repair Value: $53,338

Property Information
Building Type: SINGLE FAMILY RESIDENCE
Bedrooms: 2
Bathrooms: 1
Square footage:  1085
Lot size:  1,259
Real Estate Tax:  $1,767.00
Occupancy: Vacant
Parking: Garage

Construction Details
Facade and Exterior: Wood
Roof: Shingles
Electric: Breakers
Heating: Hot water
Plumbing: Copper
Laundry: 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)

419 CASS ST
TRENTON, NJ

50,000

5/16/2019 1242 1867 40.25

0.01

219 3RD ST
TRENTON, NJ

48,000.00

3/19/2019 1024 1856 46.87

0.02

508 CENTRE ST
TRENTON, NJ

52,500.00

12/21/2018 1006 1900 52.18

0.11

506 CENTRE ST
TRENTON, NJ

52,500.00

1/2/2019 1006 1900 52.18

0.11

476 CENTRE ST
TRENTON, NJ

83,017.00

2/13/2019 1530 1852 54.25

0.12

Average Cost/SQFT: $49.15
Average Sold Price: $57,203.40
After Repair Value: $53,327.75

Price:
$39,000
Address:
425 Cass St.
Trenton , NJ 08611
Square Feet:
1085
Lot Size:
1,259
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1907

Call (609) 807-1497 for more details

Property Location