For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $145,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,112 sqft
Price per Sqft $68
Subdivision None Available
MLS Listing ID 1003334787
Sold Date 01/13/17
Style Other
HOA Y/N N
Abv Grd Liv Area 2,112
Originating Board TREND
Year Built 1946
Annual Tax Amount $7,985
Tax Year 2016
Lot Size 3,136 Sqft
Acres 0.07
Lot Dimensions 28X112
Property Description
Start off the fall with immediate cash flow, with this 5-unit apartment building that is fully rented, upgraded and ready to roll. All units are 1 bedroom, inspected and licensed. No issues or liens. Trenton, Chambersburg area, Between Hamilton Ave and Greenwood Ave. Rent roll: 3,320 per month or 39,840 in gross income per year!!!! Sale price 167,500. Less than 34,000/unit. Immediate income from day one. 5 individual rental units with separate entrances, full kitchens, bathrooms and bedrooms. Fully operational. Income generation from day one. Annual Expenses: Insurance 2,400 (200/month), Water, 1,850 (154/month), Gas & Electric Utilities 2,500 (208/month). Gross profit before NOI 20,500. 13.7 Cap Rate. 12 cash on cash rate. Owner pays for heat and hot water. Tenant pays for Electric. Annual Taxes 8,800 (733/month). Located just blocks from Trenton Train Station and Marys Hospital. Great investment opportunity waiting for you. Don't delay. Reach out to rep today.
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning COM
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Gas, Radiator
Cooling None
Flooring Fully Carpeted, Vinyl
Fireplace N
Window Features Replacement
Heat Source Natural Gas
Laundry None
Exterior
Fence Other
Utilities Available Cable TV Available
Waterfront N
Water Access N
Roof Type Pitched
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-14001-00024
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Nicholas Santoro • EveryHome Realtors
GET MORE INFORMATION