Courtesy: Weichert Co Realtors
732-494-6800
Attention investors! I have an incredible new opportunity that's perfect for growing your portfolio. This listing is a fully rented 4-unit property located in a prime area, All units currently rented, this property is already generating steady income, making it an ideal addition for any savvy investor. Each unit offers comfortable living spaces and is well-maintained, ensuring tenant satisfaction and minimizing vacancy risk. Don't miss out on this fantastic investment opportunity. Let's secure your future with this property.
Completely renovated 2 Family Home (2002 - roof, replacement windows, sheetrock, electric, plumbing & soil pipes) on a double lot (Lots 27 & 28) in the Top Road section of Trenton. Covered Slate Patio and nicely landscaped fenced back yard. Dog kennel and 2 storage sheds. Parking for 6 cars. 1st Floor (Unit 1) comprised of Living Room Kitchen, Dining Room (or 2nd BR), Primary Bedroom & Bath. (Unit 2) 2nd Floor comprised of Living Room, Kitchen, Kitchenette, Bedroom & 2 Baths and 3rd Floor comprised of Kitchenette, Bedroom and Bath. Total of 3-4 Bedrooms and 4 Full Baths. Separate Electric Panels/Meters. Seller will provide Transfer Certificate.
Welcome to this income producing 2 Unit apartment building with a garage. Both apartments are currently rented. This multi-family features 2 apartments and a nice size garage that can generate extra income. This property is the perfect situation for someone that needs a 1031 exchange, or a situation where you can live in one unit and collect rent from the second unit to off-set your mortgage. This home offers: First Floor Unit #1, three-bedroom, full bath, living room, kitchen, and full basement. Unit #2, Second Floor, offers living room, kitchen, three bedrooms, and full bath. This home has separate utilities and offers a two-car driveway. Thereâs also a detached garage which can be rented separately for additional income. Within walking distance to restaurants and stores. The home is close to public transportation, Cure Arena, bar and grills on S Broad. Act fast, as this deal will not last. Agents, pls read the agents notes before making an appointment.
Established 3-unit brick apartment building showing excellent income and rental history. Separate utilities 3 heating systems. Tenants pay gas, electric heat. All units are currently rented to long term tenants totaling $2,934 per month but there is potential for a significant increase on all three units!
FULLY EQUIPPED RESTAURANT WITH FOUR FULLY LEASED APARTMENTS INCOME. MOTIVATED SELLERS PLEASE BRING ALL OFFERS.
Charming multi family located in the desirable Mill Hill area. Offers a inner city feel with a touch of bed and breakfast appeal. With beautiful craftmanship through out. Updated flooring , painting, kitchen, bathroom and so much more. First floor unit offers a open concept living area with a quaint kitchenette leading off to your bathroom. Just across from your living room you will find your amble size bedroom with an attached sunroom, office, or even a workout room. The choice is yours! Following the steps upstairs you will find the second unit which offers plenty storage space and room for all of your belongs to make this your new home. One the 3rd floor you will find a quaint efficacy. There are so many options with this property. You can purchase as an investment property live in one unit and rent out the other two units. You can rent out all three units or even live in the entire home as a single family.
New Price! 189 Pennington Avenue presents a compelling investment opportunity with significant upside potential through strategic management and market repositioning. This mixed-use property comprises residential and commercial units, offering a balanced and diversified income stream. First floor unit approximately 500 sq ft, 1 bedroom 1 bathroom. Renting at $1,225/mo. Second Floor Unit, 3 bedrooms including finished attic. Approximately 1,500 sq. ft. renting at $1,160/mo. which is significantly below market value with older couple currently staying there for 10+ years. Market rent is $1,800 for 3 bedroom. The commercial unit, currently operating as a hair salon, is rented at $850/month, also below market value of $1,000/mo. There is an opportunity to negotiate future lease agreements in line with market escalations, potentially increasing income by 20-25%. The property's gross annual rental income potential, if all units are rented at current rates, is $38,820. However, with adjustments to market rent rates, the projected annual income could rise to $48,300. Recent renovations and market adjustments enhance operational efficiency, providing a strategic advantage for increased net operating income (NOI). The mixed-use nature of the property reduces vacancy risks and enhances overall financial stability, making it an attractive option for real estate investors. In a revitalizing area, 189 Pennington Avenue offers promising growth in rental income and property value, making it a lucrative investment opportunity. Should you need assistance finding a mixed use loan the current owner is happy to assist.
A spacious commercial building situated in the heart of Downtown Trenton, formerly operated as a thriving beauty supply store boasting significant foot traffic. The property includes two sizable units on the second and third floors, offering versatile potential for conversion into either four apartments or commercial office spaces. The upstairs units feature appealing floor plans conducive to various layouts. Additionally, the property encompasses a generously-sized basement ideal for storage purposes. Awaiting its new owner to unlock its full potential. Property currently needs complete renovations in 2nd and 3rd floor and ready to operate in commercial 1st floor unit.
Welcome to this exceptional multi-family listing in Trenton, NJ, offering the perfect opportunity for investors seeking a promising income-generating property. Nestled in a convenient locale, this two-unit residence is a prime asset for any real estate portfolio. Unit 1 welcomes with its cozy yet functional layout, boasting one bedroom, one bathroom, a well-appointed kitchen, and a spacious dining area. Designed for optimal space utilization, it ensures a comfortable living experience for tenants. Unit 2 offers enhanced privacy and convenience with its separate rear entrance. Featuring two bedrooms, a generously sized eat-in kitchen, a modern bathroom, and a finished attic space, this unit presents versatile possibilities. With existing tenants in place, this property promises immediate income potential, making it an enticing investment opportunity for both seasoned investors and newcomers alike. Secure your slice of stable and profitable real estate in Trenton today!
Great Opportunity to own this mixed use property. 3 apartments and a storefront with huge storage room in rear that could possibly bring in additional rent, it has it's on access. Fully occupied. Rents: $1,600/month for storefront $ 900/month for 2 bedroom $ 850/month for two 1 bedroom units
Trenton is located in New Jersey. Trenton, New Jersey has a population of 90,097. Trenton is less family-centric than the surrounding county with 22.55% of the households containing married families with children. The county average for households married with children is 32.83%.
The median household income in Trenton, New Jersey is $39,718. The median household income for the surrounding county is $85,687 compared to the national median of $69,021. The median age of people living in Trenton is 36.1 years.
The average high temperature in July is 85.4 degrees, with an average low temperature in January of 22.1 degrees. The average rainfall is approximately 47.5 inches per year, with 19.9 inches of snow per year.
