724 DIVISION ST Trenton, NJ 08611
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 4,905 sqft
Price per Sqft $183
MLS Listing ID NJME2069098
Style Other
Abv Grd Liv Area 4,905
Year Built 1897
Annual Tax Amount $11,108
Tax Year 2024
Property Sub-Type Detached
Source BRIGHT
Property Description
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)
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning RESIDENTIAL
Interior
Hot Water Oil
Heating Radiator
Cooling None
Heat Source Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Above Ground Finished SqFt 4905
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-19302-00025
Ownership Fee Simple
SqFt Source 4905
Acceptable Financing Cash, Other, Private
Listing Terms Cash, Other, Private
Financing Cash,Other,Private
Special Listing Condition Standard
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