$ 1,275,000
-
$1,275,000
Price -
11
Bed - Bath
-
6,000
SqFt
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About the Listing KELWLML - 3294151
Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. Can be seen in Commercial Listing @ NJBL2084780. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants. Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house. With a pro-forma cap rate of 6.19% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.
Listing Highlights for 424 Trenton Rd
Status
Active
Days on Site
0
Property Type
Multi-Family
MLS ®
NJBL2096332
Year Built
1966
Total Square Footage
6,000
Lot/Acreage
4.33
Interior Details
- Bedrooms: 11
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C,Window Unit(s)
- Heating: Baseboard - Electric,Forced Air
- Fireplaces: 2, Non-Functioning,2 Fireplaces
- Floor: Ceramic Tile,Hardwood,Laminated,Luxury Vinyl Plank
- Above Ground Sq Ft: 6000
- Below Ground Sq Ft: n/a
- Basement: Daylight,Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 15
- Lot Dimensions: 0.00 x 0.00
- Zoning: RESIDENTIAL
- Roof: Architectural Shingle,Flat
- Others: Good
- Sewer: Private Septic Tank,Septic = # of BR,Septic Exists
- Parking Features: Asphalt Driveway,Driveway,Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $14,782
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
424 Trenton Rd Browns Mills, NJ 08015
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