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 |
| 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: $53,338