1. New Jersey
  2. Browns Mills
  3. 424 TRENTON RD
$1,200,000

424 TRENTON RD, Browns Mills, NJ 08015

  • 6,000 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1966
  • Property Lot Size Icon4.33acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $200/sqft
  • Property List Date Icon Listed 21 days ago

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 7.07% 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.

Listing Status:
Active
Listing Office:
Keller Williams Real Estate-Langhorne : 2157576100
Listing Agent:
Lukasz Boczniewicz : 2676791659
MLS ID:
NJBL2096332
  • Laundry: Has Laundry
  • Basement: DaylightFull
  • Flooring: Ceramic tileHardwoodLaminatedLuxury vinyl plank
  • A/C: Central A/CWindow Unit(s)
  • Heating: Baseboard - ElectricForced AirElectricNatural Gas
  • Fireplace: Non-FunctioningFireplaceFireplaces: 2
  • Disability Feature: None
  • General: Above Grade
  • Style: TraditionalColonialRanch/Rambler
  • Parking: Asphalt Driveway
  • Roofing: Architectural ShingleFlat
  • General: FrameBlockCrawl Space
  • Originating MLS: BRIGHT_MAIN
  • School District: PEMBERTON TOWNSHIP SCHOOLS
  • County: BURLINGTON-NJ
  • Zoning: RESIDENTIAL29-00526-00001 01
  • View: Trees/Woods
  • Utilities: Cable tv availableElectric availableNatural gas availablePhone availableWater available100 amp service200 amp service
  • Water: Public
  • Sewer: Private Septic TankSeptic = # of BRSeptic Exists
  • Source: BRIGHT_MAIN
  • Exclusions: Tenant's personal property

This listing courtesy of Lukasz Boczniewicz, Keller Williams Real Estate-Langhorne

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

J

Joseph S. Stackhouse School

125A Trenton Rd, Browns Mills, NJ, 08015

Grades KG-2

0.75 miles away

H

Helen A. Fort Middle School

101 Fort Dix Rd, Pemberton, NJ, 08068

Grades 7-8

3.71 miles away

P

Pemberton Township High School

148 Arneys Mount Rd, Pemberton, NJ, 08068

Grades 9-12

5.01 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.