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%
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 |