21 Laurel Ave Trenton NJ 08618 – Partially Completed!

Jump on this partially rehabbed vacant 1 family rental opportunity in the Cadwalader & Hillcrest neighborhood of Trenton. This property offers HUGE passive income possibilities, check out the long list of features:

  • Currently 1 unit:
    • 3 Beds / 1 Bath
  • Living Space: 1258 sq.ft. 
  • Large Basement could be finished!
  • A GREAT Section 8 opportunity. Pays up to $2100.
  • This is a partially completed gut rehab. Completed & Inspected items:
    • Roof
    • New electric service & box
    • New Plumbing
    • Framing
  • Items Needed – about $50,000:
    • Windows
    • Sheetrock & insulation
    • Doors
    • Kitchen
    • Bathroom
    • Water Heater
    • Boiler

The QUICK NUMBERS

Rehab budget: $40,000 – $50,000

Expected Rent $1,400 – $1,700
Section 8 up to $2,100

CAP Rate With typical leverage = 8% – 10.7%

Cash on Cash ROI = 11.9% – 21.5%

ARV = $100,000 = $110,000

The Blah Blah Blah:

* Please call/text me ASAP with any questions and to schedule a viewing if necessary.

* Best offer by the end of day, October 19th, gets the deal

* A non-refundable $5,000 EM Deposit is required by the end of October 20th

GET THIS DEAL!
Call or Text: 551-252-5334