424 TRENTON RD Active Save Request In-Person Tour Request Virtual Tour
Browns Mills,NJ 08015
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 188,615 sqft
Price per Sqft $6
MLS Listing ID NJBL2084780
Year Built 1966
Available Date 2025-07-26
Annual Tax Amount $14,782
Tax Year 2024
Lot Size 4.330 Acres
Property Sub-Type Five Or More Units
Property 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.
Location
State NJ
County Burlington
Area Pemberton Twp (20329)
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas,Multi-tank,Electric
Heating Baseboard - Electric,Forced Air
Cooling Central A/C,Window Unit(s)
Flooring Laminated,Ceramic Tile,Hardwood
Inclusions All appliances in as-is condition with no monetary value
Exterior
Garage Spaces 15.0
Utilities Available Natural Gas Available,Electric Available,Cable TV Available,Phone Available,Water Available
Water Access N
View Trees/Woods
Roof Type Architectural Shingle,Flat
Building
Foundation Block
Sewer Private Septic Tank,Septic Exists,Septic = # of BR
Water Public
New Construction N
Schools
School District Pemberton Township Schools
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Special Listing Condition Standard