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About the Listing ORNGKEY - 3147160
Attention investors and parents of college students! This turn-key two-family property is located just three houses away from The College of New Jersey (TCNJ), making it a premier, highly desirable housing or rental asset. Fully occupied or ready to rent, this property generates $3,750 in total monthly rental income from day one. The current owner is retiring, presenting a rare opportunity to acquire a high-yield, low-maintenance income producer. Total Monthly Income: $3,750/month ($45,000 gross annually). Unit 1 (Main Level): $2,100/month rent | Features 2 spacious bedrooms and 1 full bathroom. Unit 2 (Upstairs): $1,650/month rent | Features a bright 1 bedroom and 1 full bathroom. Utilities: Separate gas and electric meters, keeping landlord overhead to an absolute minimum. Turn-Key: Solid cash-flowing asset being sold, perfect for a smooth, retirement-ready sale. Parking: A massive, large driveway provides ample off-street parking for multiple vehicles, a massive selling point for tenants. Basement: Full basement equipped with dedicated laundry provisions and excellent bonus storage space. Unbeatable Location: Literally steps from the TCNJ campus, ensuring a perpetual pool of quality renters, minimal vacancy rates, and proximity to local dining, transit, and shopping. Large backyard. Whether you are looking to expand your portfolio or secure a premier rental property in a high-demand university market, this asset delivers immediate cash flow. Act fast—properties this close to campus rarely last!
Listing Highlights for 16 Lanning St
Status
Active With Contingency
Days on Site
14
Property Type
Multi-Family
MLS ®
NJME2085560
Year Built
1955
Total Square Footage
1,450
Lot/Acreage
0.18
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Wall Unit,Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1450
- Basement:
- Other:
- Water: Well
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: R-2
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway,On Street
Financial Details
- Tax Amount: $7,425
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
16 Lanning St Ewing Twp, NJ 08618
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