This listing presents a fully rented five-plex located in the heart of Trenton. The property is well-maintained, boasting a central location that adds to its appeal. Each of the five units is separately metered, allowing tenants to pay their own utilities, which is a desirable feature for both landlords and tenants. The building is equipped with gas heating and a newer boiler, ensuring reliable and efficient heating. Additionally, the plumbing and electrical systems have been updated, providing peace of mind for the new owner. The property includes a full basement with a walk-out, which could be used for storage or other purposes. One of the most notable features of this investment is its impressive capitalization rate (cap rate), indicating a strong return on investment. This solidly built and well-managed five-plex presents a valuable opportunity for investors seeking a profitable and stable property in Trenton. (id:47421)
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Detailed Information
Lot
52 x 125 ft
Listing Contract Date
2024-04-04
Management Company
Strongback Property -
Municipal ID
404000026
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4
Building
Constructed Date
1983
Exterior Finish
Brick
Foundation Type
Block, Stone
Heating Fuel
Natural gas
Heating Type
Radiant heat
Stories Total
2
Utility Water
Municipal water
Land
Total Size
52 ft X 125 ft
Sewer
Municipal sewage system
Size of Irregular Land
52 ft X 125 ft
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