21 Laurel Ave Trenton NJ 08618 – Partially Completed!

RENTAL Opportunity for Passive Income!

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:
    • 2 Beds + “BONUS” room (Convert to 3rd bedroom) /attic / 1 Bath
  • Living Space: 1258 sq.ft. 
  • Large Basement with bar, could be finished!
  • A GREAT Section 8 opportunity. Pays up to $1,900 (3rd bedroom added).
  • Located on nicer block in Trenton.
  • Only 1.5 blocks from a nice kids park.
  • 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: $50,000 – $55,000

Expected Rent: $1,400 – $1,700 (3rd bedroom added)
Section 8 up to $1,900

ARV = $100,000 = $110,000

Starting price ……. $47,500.00

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 28th, gets the deal.

* A non-refundable $5,000 EM Deposit is required by the end of October 28th.

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