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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJME2059596
Year Built 1950
Annual Tax Amount $11,159
Tax Year 2020
Lot Size 5,502 Sqft
Acres 0.13
Lot Dimensions 50.00 x 110.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
This property is just minutes from the Trenton Transit Center and major highways, including Routes 1, 29, and I-295, making it ideal for commuters and attractive to long-term tenants. The neighborhood is on the rise, and with current rents below market value, there's significant potential to increase cash flow and maximize return over time.
Whether you're looking to live in one unit while collecting income from the others or expand your portfolio with a stable, income-producing asset, this is a rare find. All units are occupied with reliable tenants. Showings are available upon acceptance of a letter of intent with proof of funds or mortgage pre-approval. For the privacy and safety of the residents, please do not approach the property or disturb tenants—exterior security cameras are in place.
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning RES
Interior
Hot Water Natural Gas
Heating Baseboard - Hot Water
Cooling None
Inclusions Existing appliances in units.
Heat Source Oil
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-33004-00015
Ownership Fee Simple
SqFt Source Assessor
Security Features Exterior Cameras
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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David Werfel
Broker Associate | License ID: 0225021819
Broker Associate License ID: 0225021819