Bought with Unrepresented Buyer • Unrepresented Buyer Office
$440,000
$450,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
2,500 Sqft Lot
SOLD DATE : 05/15/2025
Key Details
Sold Price $440,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NJME2053814
Sold Date 05/15/25
Year Built 1950
Annual Tax Amount $13,881
Tax Year 2024
Lot Size 2,500 Sqft
Acres 0.06
Lot Dimensions 25.00 x 100.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Four out of five units fully occupied in a prime downtown location, merely a block from the stately Capital Building. Allowing you to convert a 2 bedroom unit to fit your vision.
This convenient location means tenants are just a short stroll from the train station. Owner covers sewage and water, while tenants pay electric and heat separately. All leases have expired, opening the door to bringing rents up to current market rates.
The layout showcases the property's versatility. Unit 1 is a cozy studio. Unit 2 offers 1 bedroom. Unit 3 is a 2 bedroom. Unit 4 provides 1 bedroom. Unit 5 gives you 1 bedroom. And Unit 6? Is the basement allowing you to use/rent for storage.
This turnkey investment comes ready to reimagine, reinvent and revitalize. Act now to make it yours!
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning HIST
Interior
Hot Water Multi-tank
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-00604-00014
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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