433 Whittaker Ave Trenton, NJ 08611 Sold

  • $45,479
  • 3 beds
  • 1 baths
  • 1573 sqft

Turnkey Rental – Wholesale Investment Property 

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433 Whittaker Ave – Trenton, NJ 08611

Turnkey Price –  $45,479
After Repair Value – $59,563
Yearly Net Cash Flow – $10,213
Cap Rate – 19%

Property Information

Building Type: Duplex

Front Unit Bedrooms: Studio
Front Unit Bathrooms: 1

Rear Unit Bedrooms: 3
Rear Unit Bathrooms: 1

Estimated Real Estate Tax:  $4,040.08

Occupancy: Tenant Occupied

Construction Details

Facade and Exterior: Vinyl siding

Roof: Shingle

Electric: Breakers

Heating: Gas

Plumbing: PVC

Laundry: Yes

Zoning: Residential

Projected Financials:  The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research.

Investment Type Cost
Wholesale Price $45,479
Rehab cost

Paint, Carpet

$5,000
Estimated Closing Costs $1,191
Total Initial Investment $51,466
Rental Cash Flow (Yearly) Cap Rate: 19%
Rental Income @ $1600/mo  $19,200
Currently, there are two leases in place 
1. Front Studio – $550 
2. Rear 3 Bed 1 Bth – $1,050 
Vacancy/Maintenance   $1,632
Utilities (water bill)      tenant responsible
Accounting   $125
Landscaping     $150
Leasing Commissions
(1 month rent every 5 years) 
$320
Estimated Insurance     $800
Estimated Taxes   $4,040.08
Property Management Fees        $1,920
Total Yearly NOI:     $10,213
Price:
$45,479
Address:
433 Whittaker Ave
Trenton, NJ 08611
Square Feet:
1573
Lot Size:
1,259.00
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1876
Const. Type:
Duplex

Additional Features

Number Of Stories: 2

Call (609) 807-1497 for more details

Property Location

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