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$899,999 USD
724 Division Street
Trenton, New Jersey 08611
USA
Trenton, New Jersey 08611
USA
455.674 m2 ::
4,905 sqft
Residential For Sale, Other Residential
Sale price per sqm: 1,975.03
Tax: 11,108 USD
Remarks:
Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses ‹” ideal for investors seeking reliable cash flow and long-term asset appreciation.Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with a 9.1% cap rate!!!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)
Features:
- Year Built: 1897
- Utilities: City water
- Heating System: Oil, Radiators
Location:
724 Division Street, Trenton, New Jersey 08611, USA
Listed By CENTURY 21 Alliance
The Residential For Sale, Other Residential located at 724 Division Street, Trenton, New Jersey 08611, USA is currently for sale. 724 Division Street, Trenton, New Jersey 08611, USA is listed for $899,999 USD. This property has 4,905 sqft. If the property located at 724 Division Street, Trenton, New Jersey 08611, USA isn't what you're looking for, search New Jersey Real Estate to see other Homes For Sale in Trenton.
