962 Lamberton St – Trenton Pending

  • $100,881
  • 3 beds
  • 2 baths
  • 1320 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.

962 Lamberton St. Trenton, NJ 08611

Fix and Flip

Wholesale Price: $100,881
Rehab Cost:   $22,000
After Repair Value: $166,656
Projected Net Profit: $25,738

Property Information 

Building Type: Single Family Residential, Town-home 
Beds: 3
Baths: 2
Property SF: 1,320
Real Estate Tax: $2,740
Vacant: No
Owner Occupied: Non-Owner Occupied. Rented at $1200/m
Parking: Parking in rear  

Construction Details:

Facade and Exterior: Vinyl Siding
Roof: Rubber Roofing
Electric: Romex
Heating: Heating is via HVAC
Cooling: Window Units
Laundry: W/D in Units
Water: Public
Sewer: Public
Zoning: Residential 

Projected Financials:  The following breakdown is based on stabilized property occupancy expenses and profits were derived from market research.

Fix and Flip

Investment Type                                                             Cost                                 

Wholesale Price                                                             $100,881 
Rehab Cost                                                                        $22,000
Estimated closing costs                                                  $4,981   
Estimated holding costs                                                 $4,981    
Estimated selling costs (5% of ARV)                         $8332.8  
Total Initial Investment:                                          $141,175 

Net Profit Calculation                                                                                    

Estimated After Repair Value                                     $166,656  
Total Estimated Investment                                       $141,175   
Projected Net Profit:                                                      $25,481   

Comparables from the MLS used to determine ARV

Average Cost/SQFT:$125.80
Average Sold Price:$166,633.33
After Repair Value:$166,656.00

Address

Price Sold

Sold Date Size (sf)

Link

313 Home Ave, Trenton, NJ

109,000.00 1/14/2022 1112 https://www.zillow.com/homedetails/313-Home-Ave-Trenton-NJ-08611/39023547_zpid/

30 Jersey St, Trenton, NJ 08611

115,000.00 12/30/2021 https://www.zillow.com/homedetails/30-Jersey-St-Trenton-NJ-08611/39022785_zpid/
116 Henry St, Trenton, NJ 08611 176,000.00 11/30/2021 1232

https://www.zillow.com/homedetails/116-Henry-St-Trenton-NJ-08611/38982104_zpid/

838 Lamberton St, Trenton, NJ 08611 155,000.00 10/26/2021 1252

https://www.zillow.com/homedetails/838-Lamberton-St-Trenton-NJ-08611/39019120_zpid/

Price:
$100,881
Address:
962 Lamberton St
Trenton, NJ 08611
Square Feet:
1320
Lot Size:
4,000
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Home
Year Built:
1887
Const. Type:
Single Family Home

Call (609) 807-1497 for more details

Property Location