What's Available Wednesday? A rare FOURplex in Trenton, NJ! hipsterinvestments.comRound 3 on this Trenton fourplex! This is unheard of! Nobody gets this many chances on a property (don’t worry, it’s not the fault of the property!). So here’s one more chance to grab up the ONLY available 4plex we have with a huge income!

What do savvy investors find so attractive about this city located between New York and Philly? Everything! The location is just right: poised for real growth in an in-demand locale. Unemployment is significantly low here. Lots of stable renters. Incredible low buy-in deals and some excellent no-hassle properties for you to choose from.

So what are you waiting for? Today’s HUGE property comes with a tenant in place as a condition of closing and free tenant replacement (no leasing fee) during your first year of ownership!

Fourplex

Location: Trenton,NJ.

Built In: 1891 (but fully renovated)

Purchase price: $220,000 (not a foreclosure, normal sale)

Property info: 6 bedrooms, 4 bathrooms, 2,588 square feet, 2+ stories

Income

Monthly rent collected: $2,900

Expenses

Monthly expenses (conservatively estimated)

Property taxes: $259

Insurance: $125

Property management fees: $290

Vacancy (7%): $203

Repairs (5%): $145

Total Monthly Expenses- $1,022

Net Income = Income – Expenses = $1,878

Advanced Numbers

Cap Rate = 10.24 %

annual net income (non-inclusive of mortgage payment) / purchase price

Cash-on-cash return =

Depends on your leveraging.

Special Terms

  • 1 year maintenance guarantee
  • Free tenant replacement (no leasing fee) during the first year of ownership

If you are interested in this property or seeing others like it, contact Melissa at melissa@hipsterinvestments.com.

Take the plunge: you won’t regret it!

Click here to see Latest Good Deals

Comments
  • Alex
    Reply

    I’m not going to lie, as many times as this property has popped on and off the market, I can’t help but wonder at the circumstances. My curiosity is just going crazy. I’m imagining all kinds of scandalous circumstances, or maybe a haunting. Do we know if any brides died there on their wedding night? We could have a spectral bride situation. I’ll get the incense and the Ouija board; it’s gonna be a long night 😛

    • Ali
      Reply

      Lol! Yes, it may be Alex. Haha. And I totally hear you on wondering the circumstances as to why it’s popped on and off the market. The good news is, the two times it has gone under contract it has only fallen out because of the buyer’s financing/lender. It is usually on the market so little time before it goes under contract that we haven’t had backup buyers put in for it, so when it has fallen out it is completely open and we try to list it as soon as possible because we know how many people want fourplexes. But with any property, I recommend doing full due diligence regardless of whether it fell out due to the buyer or not! But this property is in great shape, no worries there. Blame the lenders 😉

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