424 TRENTON RD new to site Save Request In-Person Tour Request Virtual Tour
Browns Mills,NJ 08015
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $212
MLS Listing ID NJBL2096332
Style Traditional,Colonial,Ranch/Rambler
Year Built 1966
Annual Tax Amount $14,782
Tax Year 2024
Lot Size 4.330 Acres
Property Sub-Type Detached
Property Description
Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. Can be seen in Commercial Listing @ NJBL2084780. 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 Electric,Multi-tank,Natural Gas
Heating Baseboard - Electric,Forced Air
Cooling Central A/C,Window Unit(s)
Flooring Ceramic Tile,Hardwood,Laminated,Luxury Vinyl Plank
Fireplaces Number 2
Fireplaces Type Non-Functioning
Inclusions All appliances in as-is condition with no monetary value
Laundry Has Laundry
Exterior
Garage Spaces 15.0
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Water Available
Water Access N
View Trees/Woods
Roof Type Architectural Shingle,Flat
Building
Foundation Block,Crawl Space
Sewer Private Septic Tank,Septic = # of BR,Septic Exists
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District Pemberton Township Schools
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard