71 Morgan Ave – Hamilton For Sale

  • $171,981
  • 5 beds
  • 2 baths
  • 1,262 sqft

WATCH the walkthrough video below.

(Downstairs Unit)

71 Morgan Downstairs

(Upstairs Unit)

71 Morgan Ave., Hamilton- Video Walkthrough

Fix and Rent DUPLEX – 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.

71 MORGAN AVE, HAMILTON NJ 08619

Wholesale Price: $171,981
After Repair Value: $279,000 
Yearly Net Cash Flow: $12,025 
Cap Rate: 11.08%

Property Information

Building Type: Duplex
Bedrooms:  5
Bathrooms:  2
Real Estate Tax: $5,992
Occupancy: Occupied by two tenants on a month to month lease.
Parking: Driveway and Street Parking

Construction Details:
Façade and Exterior: Aluminum
Roof: Shingle
Electric: Breakers
Laundry: Basement
Heating: Gas
Plumbing: PEC
Zoning: Residential

Projected Financials: The following Pro-forma is based on stabilized property occupancy. Expenses and profits were derived from market research. The following financials include calculations for the current market rent for the two units combined. The current month to month tenants are paying below market rents for a total of $2100. So the goal will be to increase the rents to market and have the tenants decide to stay or leave and then renovate one unit at a time.

 

 

Address Price Sold Sold Date Size (sf) Year Built Price per sf Distance from

subject

property (mi)

709 KLOCKNER RD

HAMILTON, NJ

261,000.00 11/11/2019 1280 1953 203.9 0.1
44 JUNIOR AVE

HAMILTON, NJ

289,000.00 5/6/2020 1332 1962 216.96 0.14
804 KLOCKNER RD

HAMILTON, NJ

225,000.00 6/9/2020 913 1924 246.44 0.24
22 HAMILTON LAKES DR

HAMILTON, NJ

369,999.00 3/31/2020 1795 1989 206.12 0.32
Average Cost/SQFT:$215.23 
Average Sold Price:$286,249
After Repair Value: $279,000 
Price:
$171,981
Address:
71 Morgan Ave
Hamilton, NJ 08619
Square Feet:
1,262
Lot Size:
4,238
Bedrooms:
5
Bathrooms:
2
Terms:
For Sale
Property Type:
Duplex
Year Built:
1960

Call (609) 807-1497 for more details

Property Location