Property Description:
Four-family 3024 sq ft building with a 5-car gated parking lot (900 sq ft, separate deed) in the heart of Chambersburg section of Trenton, NJ. Year built: 1910.
All separate gas furnances, hot water boilers, electric and gas meters. Tenant pays own utilities. Owners only pay common area electric & water/sewer. Long term tenants, all been there over 4 years. Leases have been renewed on 6/1/2022 for 1 year. Total monthly rent: $3725. Apt A (2-br): $825; Apt B (3-br): $1100; Apt C (2-3br): $950, $200 credit for the live-in Super; Apt D (2-br): $850.
The 5-car gated parking lot can easily be rented out for additional monthly income, or possible development opportunity. Blocks from Roebling Market, CURE Insurance Arena, Roebling Lofts Luxury Apartment Building, Hamilton Ave Light Rail Station, minutes from Route 1 & 129.
This property requires little to no management effort, very little monthly expenses. Perfect for first time investor, practically a turnkey investment with lots of upside on future rents and appreciation. Sold as-is, buyer responsible for CO.
***An approved plan for 20,000 sq ft, 30-unit residential & commercial mixed use building at 200 Hamilton Ave is only 250 feet away***
** All information is deemed reliable, buyers should conduct their own due diligence before closing.