962 Martin Luther King Blvd,TRENTON, NJ 08638
TRENTON, NJ 08638
Description
Investor Alert! Strong cap rate and annual return opportunity here. This 3 bedroom 1 bathroom with a tenant already in place and generating solid rental income. The property is producing an annual NOI of approximately $22,400 making it an attractive addition to an investment portfolio. Bring your finishing touches and unlock even more potential. With routine upkeep. This income-producing rental is positioned to help you generate consistent monthly cash flow. This property is being sold as part of a larger portfolio with multiple locations throughout New Jersey. Buyers may be eligible for a discount when purchasing more than one property or acquiring the portfolio as a package deal. The seller can also offer creative financing options, including the potential to take over the existing mortgage on these properties. Ask about it before or after your tour. This unit is located in a ever increasing , convenient area near local parks, eateries, and entertainment to enjoy from Philadelphia and New Jersey, This rental offers both investment appeal and stable long-term tenants that need housing. The seller is selling AS IS. All units are up to date with TWP CO's and housing where necessary. Seller would like the buyer to use his title company to purchase. Buyer responsible for their own Due Diligence before purchase. Don't miss this opportunity. No in person showings at this time. Reach out to listing agent on accessing a recording of a video tour.
Details
| MLS # | NJME2080090 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1896 |
| Days On Site | 82 |
| Listing Provided By | Keller Williams - Main Street | Carol Terrell |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 1,002 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | RES |
| Acreage | 0.04 |
Interior
| Rooms Total | 5 |
|---|---|
| Cooling | None |
| Heating Yes / No | Yes |
| Heating | Hot Water |
Exterior
| Construction Materials | Brick |
|---|---|
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 2167 |
|---|
Area Information
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | TRENTON |
| Zip Code | 08638 |
| Area | Trenton City (21111) |
| Community Name | NONE AVAILABLE |
| School District | TRENTON PUBLIC SCHOOLS |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $205,000 low | high Med: $359,900 sqft: 1,002 low | high Med: 2,176 $ / sqft: $205 low | high Med: $165 On site: 82 low | high Med: 134 | |
Market Activity 08638
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Learn More About This Property
| State | NJ |
|---|---|
| County | MERCER NJ |
| City | TRENTON |
| Zip Code | 08638 |
| Area | Trenton City (21111) |
| Community Name | NONE AVAILABLE |
| School District | TRENTON PUBLIC SCHOOLS |
| Listing VS Median (in NONE AVAILABLE) | |
Price: $205,000 low | high Med: $359,900 sqft: 1,002 low | high Med: 2,176 $ / sqft: $205 low | high Med: $165 On site: 82 low | high Med: 134 | |
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