Round 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!
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
Monthly rent collected: $2,900
Monthly expenses (conservatively estimated)
Property taxes: $259
Property management fees: $290
Vacancy (7%): $203
Repairs (5%): $145
Total Monthly Expenses- $1,022
Net Income = Income – Expenses = $1,878
Cap Rate = 10.24 %
annual net income (non-inclusive of mortgage payment) / purchase price
Cash-on-cash return =
Depends on your leveraging.
- 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 email@example.com.
Take the plunge: you won’t regret it!