WATCH the walkthrough video below.
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: $161,981
After Repair Value: $279,000
Yearly Net Cash Flow: $12,025
Cap Rate: 11.08%
Building Type: Duplex
Real Estate Tax: $5,992
Occupancy: Occupied by two tenants on a month to month lease.
Parking: Driveway and Street Parking
Façade and Exterior: Aluminum
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
|709 KLOCKNER RD
|44 JUNIOR AVE
|804 KLOCKNER RD
|22 HAMILTON LAKES DR