All Forum Posts by: Stephen Chatto

We just reduced the price to 74k, so now the deal is even sweeter!

Originally posted by @Jesse Night:

Hello Stephen,

 Hope all is well  . I wanted to know if the property is still available ? If so i would like to disuse this more. My number is 917-858-5723. Have a great weekend .

Jesse 

 Jesse, 

We have found a Owner Finance Buyer.   But are looking to do more deals like this.   I will give you a buzz.  

245 Mercer St,Trenton, NJ 08611

5 beds3 baths2,190 sqft

FOR SALE BY OWNER

$89,250

Attention Investors!!! Now available is this Huge 5 bedroom 2 and 1/2 bathroom fixer-upper in the heart of desirable Mill Hill in Historic Trenton NJ. Has off street parking in the back alley way. Enough for 2 cars. This is a great property as a rental or a flip. Do you have what it takes to bring this gem back to its former glory? Come see for yourself.  Fact: 238 Mercer (across street) sold for 226k to a cash investor.   Call to schedule a showing! Stephen Chatto 267-573-9506

Attention investors! Start making money immediately! Fully occupied 2 family home for sale. New furnace and water heater installed. Huge lot with plenty of parking space. Electric is separated. Tenant pays gas & water. Currently Rented for $1,700 Per Month on a 1 year lease.  Call 267-573-9506 for more information.

Solid 4 bed 1 bath semi-detached on a quiet street. Needs a little cosmetic work. The tenant just moved out recently and left the place a mess, creating a nasty smell.   House has Brand new gas heater, and a gas water heater. With a Clean out + Cosmetics you will have a solid cash flow property for years to some.   We will consider Owner Financing. 

Call me for Details,

Stephen Chatto

267-573-9506

Check out this HUGE Semi Detached on Kent St across from Columbus Park. The house is a whopping 1622 Sq Ft (estimated). There are 3 Bedroom plus a HUGE Bathroom on the Second Floor. There is a Potential 4th Bedroom on the third floor. The Washer and Dryer are on the 1st floor, so there is no need to go into the basement to do laundry. Roof has been Re-done in 2014, and again in 2016, There is a Current Roofing Certification in place. Gas Forced Air Heat, and Gas Hot Water Heater. With a few cosmetic upgrades this will be a cash cow for years to come.

Check out this cool Property in the Chambersburg Neighborhood of Trenton NJ.   The property is Fully Occupied and is being sold with clear Certificate of Occupancy.  There is currently management in place which you can choose to continue with for seamless transition to cash flow.  

*NOTE:   The taxes are currently at $4,056 per yer.   The house is assessed at about 70k, and the new assessment is proposed at about 50k.  Trenton is reassessing the city in 2017 and leveling the playing field for properties that are way to high or way to low.   Once the dust settles the taxes should be about 3k per year, based on conversations we have had with the people down at city hall. 

Take a look.   If you are not yet investing in Trenton there are a lot of reasons to do so.  Feel free to give me a call to discuss what we see going on in this market.  

Happy Investing, 

Stephen Chatto
267-573-9506

Fully Occupied 4 Unit in Trenton NJ.

If You are looking for Cash Flow - 4 Units is the way to go.  The house is bringing in $3050 each month in rental income.  

Take a look at the Proforma!  We Cushioned the Proforma with a $15,000 repair budget on a Turnkey Property including expenses, and the cap rate is still 10.5% The Utilities are already separated out and Owner only pays Water and Common Area Electric.  

NOTE:  The square footage for each unit is an ESTIMATE based off the square footage on public record for the entire building of 3840.

Call For Details!

267-580-9017

Turnkey Single Family Rental in Trenton, NJ.    

If you are looking for Cash Flow...  Look no further!  This house is Bringing in $1200 each month in rental Income, and a great addition to any portfolio!

Take a look at the Proforma!   This is a turnkey property with a estimated cap rate of 12.8%.  There are tenants in place on a strong lease and every month you can be putting $641 bucks into your pocket!  That's a deal.   

Here is a link to some more pictures: https://goo.gl/photos/bmRKB3mNn8vpdiMc7

Call For Details!

267-580-9017