1237 E State St, Trenton, NJ 08609 | Expired

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Off-Market Call for Pricing

Call for Pricing
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • 2,038 Sq Ft
  • 2,038 Sq Ft

Description

INVESTORS: This four-unit, mixed residential / commercial building has a cap-rate of 8.46%, bringing in a gross rent of $3,850 a month. The downstairs is a large commercial space, currently being used as a church ($1200 a month). Upstairs are three apartments, currently one rented as section 8 bringing in $900 for apt #2 (they have applied to bring rent up to $950), apt #1 for $950 and $800 for apt #3.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $375,000
Property Type Fourplex (4-units)
Usable Sqft 2,038
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1950
Last Sold Unknown
Sold Price Unknown
APN # 112680200004
MLS # NJME2038328
Property ID 294174805
Lot Sqft 2,038
Zoning INSTI
Total Units 4
Date Updated April 17, 2024
Date Created January 07, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $46,200 $0
Net Income (Yr) $ 14,458
Cap Rate 8.46%

Listing Provided By

Timothy Christopher Crew an agent of . Lic #1433029


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Data last updated: July 24, 2024.

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