Description
Attention investors and parents of college students! This turn-key, as-is two-family property is located just three houses away from The College of New Jersey (TCNJ), making it a premier, highly desirable housing or rental asset. Fully occupied or ready to rent, this property generates $3,750 in total monthly rental income from day one. The current owner is retiring, presenting a rare opportunity to acquire a high-yield, low-maintenance income producer. Total Monthly Income: $3,750/month ($45,000 gross annually). Unit 1 (Main Level): $2,100/month rent | Features 2 spacious bedrooms and 1 full bathroom. Unit 2 (Upstairs): $1,650/month rent | Features a bright 1 bedroom and 1 full bathroom. Utilities: Separate gas and electric meters, keeping landlord overhead to an absolute minimum. Turn-Key & As-Is: Solid cash-flowing asset being sold strictly in as-is condition-perfect for a smooth, retirement-ready sale. Parking: A massive, large driveway provides ample off-street parking for multiple vehicles, a massive selling point for tenants. Basement: Full basement equipped with dedicated laundry provisions and excellent bonus storage space. Unbeatable Location: Literally steps from the TCNJ campus, ensuring a perpetual pool of quality renters, minimal vacancy rates, and proximity to local dining, transit, and shopping. Large backyard. Whether you are looking to expand your portfolio or secure a premier rental property in a high-demand university market, this asset delivers immediate cash flow. Act fast-properties this close to campus rarely last!
Details
| MLS # | NJME2085560 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1955 |
| Days On Site | 8 |
| Listing Provided By | Orange Key Realty | Michael J Matthews |
Features
| SQ Feet | 1,450 |
|---|---|
| Units | 2 |
| Zoning | R-2 |
| Acreage | 0.18 |
Interior
| Cooling | Wall Unit, Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
Exterior
| Construction Materials | Frame |
|---|---|
| Foundation Details | Permanent |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7425 |
|---|
Area Information
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | EWING TWP |
| Zip Code | 08618 |
| Area | Ewing Twp (21102) |
| School District | EAST WINDSOR REGIONAL SCHOOLS |
| Listing VS Median (in 08618) | |
Price: $399,000 low | high Med: $250,000 sqft: 1,450 low | high Med: 2,013 $ / sqft: $275 low | high Med: $125 On site: 8 low | high Med: 235 | |
Market Activity 08618
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Learn More About This Property
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | EWING TWP |
| Zip Code | 08618 |
| Area | Ewing Twp (21102) |
| School District | EAST WINDSOR REGIONAL SCHOOLS |
| Listing VS Median (in 08618) | |
Price: $399,000 low | high Med: $250,000 sqft: 1,450 low | high Med: 2,013 $ / sqft: $275 low | high Med: $125 On site: 8 low | high Med: 235 | |
 | $339,9994 Dorset DrTrenton, NJ 08618 |