USANJBrowns Mills424 Trenton Rd
424 Trenton Rd, Home with 0 bedrooms, 0 bathrooms and null parking in Browns Mills NJ | Image 1
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$1,275,000

424 Trenton Rd, Browns Mills, NJ

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees $6,894
Taxes $14,782
Days Active 4
Approx. Age 1966
MLS® Number NJBL2084780

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants. Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house. With a pro-forma cap rate of 6.19% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.Show Description
MLS® NumberNJBL2084780
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1966
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatBaseboard - Electric, Forced Air, Electric, Natural Gas
A/CCentral A/C, Window Unit(s), Electric
Heating Fuel

Extras

All appliances in as-is condition with no monetary value

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