The 45th President of the United States loves to talk like the Everyman but Trump never started out as one, with a childhood more like that of Richie Rich.
His first childhood home in Queens is reportedly going up for rent after a “mystery” investor bought the property for $2.14 million in January of this year — nearly double the price of what was paid when it was bought late last year.
Young investor Michael Davis previously purchased Trump’s childhood home last December for $1.39M through an auction conducted just one month after the presidential election.
The 50 per cent profit Davis made on the flip is a huge markup compared to the average price of $979,400 for similar houses in the area.
Broker Jason Friedman told Mansion Global that the five-bedroom Tudor-style residence in Jamaica Estates would soon be up grabs for around $4,590 to $5,250 AUD a month.
The proposed rental price is said to be standard for the area, where other five-bedrooms go for an average $4,855 and $6,036 AUD per month, according to Mansion Global.
While the owner’s identity is still a mystery, Friedman told the real estate site the new owner had “always planned” on renting the house out.
“That is an investment property,” he said.
Before Trump was elected, he appeared on The Tonight Show with Jimmy Fallon last September.
He showed Fallon a picture of his first family home and said, “That’s it, that’s where I was born … I want to buy it, I want to buy it.”
Trump’s real estate investor father, Fred, built the house in 1940 but the future president didn’t live there long; they moved to an even bigger brick mansion just around the corner when he was four.