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Listed by Andrei Essam Mounir Gayed • Century 21 Alliance-Moorestown
$ 950,000
Est. payment /mo
New
724 DIVISION ST Trenton, NJ 08611
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NJME2069076
Year Built 1897
Annual Tax Amount $11,108
Tax Year 2024
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses — ideal for investors seeking reliable cash flow and long-term asset appreciation.
Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with an 8.66% cap rate!
!!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)
Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8,796. Annual net income of $82,244 after expenses with an 8.66% cap rate!
!!!!!!Estimated Section 8 rents could generate $10,050/month, producing an annual net income of $106,292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning RESIDENTIAL
Interior
Hot Water Oil
Heating Radiator
Cooling None
Heat Source Oil
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Trenton Public Schools
Others
Tax ID 11-19302-00025
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Cash,Conventional,FHA
Special Listing Condition Standard
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