424 TRENTON RD Browns Mills, NJ 08015
UPDATED:
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
Abv Grd Liv Area 6,000
Year Built 1966
Annual Tax Amount $14,782
Tax Year 2024
Lot Size 4.330 Acres
Acres 4.33
Lot Dimensions 0.00 x 0.00
Property Sub-Type Detached
Source BRIGHT
Property Description
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
Rooms
Basement Daylight, Full
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
Fireplace Y
Heat Source Electric, Natural Gas
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
Accessibility None
Total Parking Spaces 15
Garage N
Building
Foundation Block, Crawl Space
Sewer Private Septic Tank, Septic = # of BR, Septic Exists
Water Public
Architectural Style Traditional, Colonial, Ranch/Rambler
Additional Building Above Grade
Structure Type Dry Wall
New Construction N
Schools
School District Pemberton Township Schools
Others
Tax ID 29-00526-00001 01
Ownership Fee Simple
SqFt Source 6000
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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