7 Unit NJ apartment building FOR SALE – $350,000 Owner open to creative offers

Sep 4th, 2014Comments Off on 7 Unit NJ apartment building FOR SALE – $350,000 Owner open to creative offers

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7 Unit NJ apartment building FOR SALE – $350,000 with possible seller financing, 4 large one bedrooms and 3 efficiency units. Needs work on 3 units. Repairs estimate is 30k. Large parking lot and laundry room with almost no owner utilities. All cost have been converted to tenants units. Possible $70,000 annual income. Near river and the a park. 115 LaClede Ave Trenton NJ 08618 [215-620-2496] Owner open to creative offers.

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Income
Unit 1 – 885 mo – plus water $15 a month – rented
Unit 2 – 895 mo – plus water $15 a month – vacant renting now
Unit 3 – 875 mo – rented
Unit 4 – 875 mo -rented
Unit 5 – 595 after repair plus 15 for water – vacant
Unit 6 – 595 after repair plus 15 for water – vacant
Unit 7 – 595 after repair plus 15 for water – vacant
Laundry room – 100 month
Total projected income 66000 a year

Expenses
Water bill is approx 100 per month
Hot water gas bill is 60 per month
Electric bill is approx 68 per month
Repairs estimated to fix units 5,6 and 7 is 30k

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OLYMPUS DIGITAL CAMERA

Owner open to creative offers 215-620-2496

OLYMPUS DIGITAL CAMERA

OLYMPUS DIGITAL CAMERA

Owner open to creative offers 215-620-2496

OLYMPUS DIGITAL CAMERA

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About author:

Addicted to Real Estate–Why I Can’t Stop and Why You Should Start, by Phil Falcone, is an honest account of an addiction to real estate. Sometimes addiction is a very good thing. In this book, Phil Falcone, the ultimate real estate addict, will show you how to achieve amazing success as a real estate investor and addict: • Delve into the details of actual deals he negotiated and learn why his methods were so effective • Discover why his residential to commercial real estate strategy will create ultimate wealth • Learn how he used apparent liabilities (OCD, insomnia, and workaholic behavior) to help him achieve his goals • Why he can’t stop investing in real estate, and how you can start controlling your own financial destiny through real estate. Funny, frank and informative, Addicted to Real Estate will inspire any investor to achieve higher levels of drive and success in the rewarding world of real estate. Phil Falcone is a Philadelphia area full-time real estate investor who started in the business at the age of 23, and whose portfolio today includes commercial offices, apartment buildings, and residential homes. As the owner of Falcone Real Estate Holding Corporation, he prides himself on his non-stop real estate focus and determination, his ability to be a great professional speaker, and on his fun, outside-the-box approach to real estate.

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