Tom Governale

(732) 689-2072seniorhomecoachnj@gmail.com
$365,000
For Sale

703 E STATE STREET

Trenton, NJ 08609
2400 sqft | 0.03 acres | #NJME2027936
Listing OfficeGambourg Properties Inc
Office Phone
Office Email
Browse 29 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

Welcome to this exceptional investment opportunity for savvy real estate buyers! This well-maintained property has undergone thorough repairs and renovations, ensuring it is in top condition for prospective buyers.
Comprised of 3 highly sought-after Studio apartments, a spacious one-bedroom unit, and an office space with a separate bathroom, this building is a standout in its class. All residential units are currently rented and have been updated to meet modern standards.
For added security, the building features a comprehensive video surveillance system and a reliable fire alarm system to ensure the safety and wellbeing of all tenants.
The office space is currently available for lease, offering an additional revenue stream to the property. With positive cash flow, even without the office, this building is a turnkey investment opportunity.
All necessary inspections have been passed, and the Certificate of Occupancy was issued within the last year, ensuring this property is fully compliant with all regulations.
With a desirable location and an impressive 9% Cap Rate, this property is a smart investment for anyone looking to expand their real estate portfolio. Don't miss out on this rare opportunity to own a prime piece of real estate with great potential for growth and profitability!

  • Property Details
      • Sewer InformationPublic Sewer
      • MLS #NJME2027936
      • MLS #NJME2027936
      • Property TypeInvestment
      • Property SubtypeQuadruplex
      • Property ConditionVery Good
      • Utility SourcePublic
      • Annual Taxes$7,657
      • Cost365000
      • FoundationOther
      • Acres0.03
      • Square Feet2400
      • Year Built1879
      • Buying Agency Compensation2.5
      • Days On Market123
      • Stories3

Location

Legal

© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Last Updated: . Source: BRIGHT

Listing Courtesy
Listing Agent: Mikhail Balezine (#3301075)
Listing Office: Gambourg Properties Inc (#GMBRGPRP)

Tom Governale | Keller WilliamsReal Estate Group
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6.0%

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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