933 Edgewood Ave – Trenton Pending

  • $145,000
  • 5 beds
  • 3 baths
  • 2383 sqft

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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.

This property is available for purchase only with Cash, Hard Money, or Private Money.

933 Edgewood Ave, Trenton, NJ 08618 

Legal Two Family Residence 

Unit 1:
Beds: 1
Baths:1

Unit 2:
Beds: 4
Baths: 2 

Fix and Flip or Rental: (Rental)

Wholesale Price: $145,000
Rehab Cost: $15,000
After Repair Value: $208,350
Yearly Net Cash Flow: $16,716
Cash On Cash Return:  10.04%
Cap Rate:  10.04%

The above numbers are with rent stabilization. The current rents are below market.

Property Information

Building Type: Duplex
Bedrooms: 5
Bathrooms: 3
Square footage: 2383
Real Estate Tax: $5496
Vacant: Occupied
Owner Occupied: No
Parking; Street

Construction Details:

Facade and Exterior: Wood siding
Roof: Shingles
Electric: Breakers
Heating: Gas
Plumbing: Copper
Laundry: No
Water: Public
Sewer: Public
Zoning: Residential Multi Family

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

Rent Stabilized – pro-forma

Current –  with below market rents

 

Comparables from the MLS used to determine ARV

After Repair Value: $208,350
Address  Price Sold  Sold Date  Size (sf)  Price per sf  Distance from 
subject 
property (mi) 
122 N GOUVERNEUR AVE
TRENTON, NJ (5 bed, 3 bth)
$298,000 12/7/2021 3297 90.38 0.10
Price:
$145,000
Address:
933 Edgewood Ave
Trenton, NJ 08618
Square Feet:
2383
Bedrooms:
5
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Duplex
Const. Type:
Duplex

Call (609) 807-1497 for more details

Property Location