423 GENESEE ST Trenton, NJ 08611

Property Available: 1-21-20. Bids due by 1-25-21, and then daily until sold. Uninsured (UK) Uninsured. Eligible for FHA 203K. Financing Terms FHA, Cash, Conventional. Year Built: 1920, LBP, Interior Sq. Feet: 1,590, 4BR/ 2Bath, Lot size: 3,142, As per FHA appraiser. H.U.D. The home sold "AS IS" by electronic bid only. ***** This is a scarce chance and maybe a once in a lifetime opportunity to snag this tremendous HUD property with tons of potential. The first unit features three levels of remarkable space and can easily accommodate almost every living arrangement. Featuring three large bedrooms, and a walk-up attic, and storage in every direction. although the second unit only features one bedroom, this unit benefits from an attached rear garage with an additional overhead loft, the perfect city office, or an extra storage area. In very close proximity to busy South Broad Street, where ice cream parlors, hair shops, and a myriad of service orientated businesses can be found, this area has seen tremendous redevelopment in every direction. The light rail River Line is just a few short blocks away, while the central train station and local bus routes are easily traversed in just a short distance. This is a unique gem that will not last long at this price point, so make your appointments today! ***** 2 units, All showings are subject to the states COVID-19 orders, recommendations, guidance, MLS board guidelines, and all CDC and local health mandates and/or guidance regarding listing showings, Buyer is responsible for determining the propertys water source and sanitary system or sanitary sewer public provider, Property is NOT located in a FEMA Special Flood Hazard Area but is listed as a moderate to low flood risk or may be located in close proximity to a Special Flood Hazard Area. It is the buyer's responsibility to verify additional information regarding flood zones and insurance, State law requires Smoke/ Carbon Monoxide detectors to be installed for properties having combustible fuel heaters/furnaces, fireplaces, hot water heaters, clothes dryers, cooking appliances, or an attached garage, but seller (HUD) is exempt from this requirement as a Federal Entity, Estimated remaining economic life is below 30 years, ***** Repairs exceed $10,000. Repairs may include but not limited to structure, electrical, roof, HVAC, and plumbing; Inspection recommended Needed repairs: The plumbing system did not hold pressure and water heaters damage per PCR. Electrical system, heating system, and duct damage per PCR Remediate mold-like substance. Exterior peeling paint surfaces, CO, and smoke detectors are needed. Repair floor covering and ceiling were damaged. ***** For all bids accepted on or after October 1, 2016, the following incentives are available on properties within the Philadelphia HOC region (3P states): Buyers: $100 down payment on HUD Homes financed with FHA-insured financing. Selling Agents get $500 for every HUD Home purchased with an FHA Rehab 203(k) loan. HUD homes being purchased with FHA financing may currently be available for HUDs $100.00 down payment program. To be able to take advantage of this great program, purchasers must be Owner Occupants and use FHA financing to purchase HUD eligible $100 down properties. $100.00 Down Payment is a Limited time opportunity, and buyers must choose their own lenders. (Normal down payments for FHA home loan is 3.5%). The main reason HUD offers the $100 down payment program is to sell HUD homes fast and to also to get owner-occupants into these homes. See attached addendum & Disclosures. For additional information contact the agent of your choice.