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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
| 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 |