South Jersey Real Estate Investors Association


433 Whittaker Ave, Trenton, NJ 08611

Property Status: Sold | Sold: $45,479.00

3 Bedrooms / 1 Baths / Single Family

Property Photos

Turnkey Rental – Wholesale Investment Property

Property Status:
This Property is currently...
  • Status: Sold
  • Sold: $45,479.00
Property Details:
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Owner / Agent
Property Features:
Number Of Stories: 2
Contact Info
Real Estate Acquisitions Co.
(609) 807-1497

View on Individual's Website
To see the full details and all of the pictures please go to our main website a 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. 433 Whittaker Ave – Trenton, NJ 08611 Turnkey Price – $45,479 After Repair Value – $59,563 Yearly Net Cash Flow – $10,213 Cap Rate – 19% Property Information Building Type: Duplex Front Unit Bedrooms: Studio Front Unit Bathrooms: 1 Rear Unit Bedrooms: 3 Rear Unit Bathrooms: 1 Estimated Real Estate Tax: $4,040.08 Occupancy: Tenant Occupied Construction Details Facade and Exterior: Vinyl siding Roof: Shingle Electric: Breakers Heating: Gas Plumbing: PVC Laundry: Yes Zoning: Residential Projected Financials: The following proforma is based on stabilized property occupancy Expenses and profits were derived from market research. Investment Type Cost Wholesale Price $45,479 Rehab cost Paint, Carpet $5,000 Estimated Closing Costs $1,191 Total Initial Investment $51,466 -------------------------------------------------------- Rental Cash Flow (Yearly) Cap Rate: 19% Rental Income @ $1600/mo $19,200 Currently, there are two leases in place 1. Front Studio – $550 2. Rear 3 Bed 1 Bth – $1,050 Vacancy/Maintenance $1,632 Utilities (water bill) tenant responsible Accounting $125 Landscaping $150 Leasing Commissions (1 month rent every 5 years) $320 Estimated Insurance $800 Estimated Taxes $4,040.08 Property Management Fees $1,920 Total Yearly NOI: $10,213

Legal Disclaimer:
South Jersey Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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South Jersey Real Estate Investors Association

PO Box 689
Marlton, NJ 08053
(856) 663-1133

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