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Garcia Realtors
669 Chambers Street Suite C
Trenton, NJ 08611

609-396-3400
609-396-0444 Fax
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Listing 19 out of 315
$330,000 For Sale

129 Pearl
Trenton, NJ 08609

Multi Family Home
1307 sq ft - MLS# NJME204338
Property Photo
1/5

Description

This property of just one of 5 properties being offered as a package sale at a total asking price of $350, 000. The 5 properties being offered are located at 129 Pearl Street, Trenton (see MLS: NJME 204344); 605 Genesee Street, Trenton (see MLS: NJME 204352); 613 Genesee Street, Trenton (see MLS: NJME 204356); 1227 Chestnut Street, Trenton (see MLS: NJME 204358); 43 Randall Avenue, Trenton (see MLS: NJME 204362). All 5 properties are Row/Townhouses, all are Tenant occupied, so this is a turnkey business opportunity. The financial proforma shows that the 5 properties together produce a return on investment of from 8.9% to 18.5% depending on how the purchase is financed and what accounting method (reserve or cash basis) is used. This is a wonderful opportunity for an investor to step into an ongoing turnkey business producing attractive returns and nothing to do but collect cash.

Features

  • Property Type: Multi Family Home
  • Sub Type: Row/Townhouse
  • Listing Status: Active
  • County/Area: Mercer County
  • Zip Code: 08609
  • Year Built: 1897
  • School District: Trenton Public Schools
  • Sq.Ft.: 898 sq ft
  • Style: Colonial
  • Basement: Yes, Unfinished
  • Lot Size: 1307 sq ft
  • Zoning: HIST
  • Above Grade Fin SQFT Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
  • Building Total SQFT: 898
  • Building Units Total: 1
  • Construction Materials: Brick
  • Exclusions: Tenants personal property and furnishings
  • Heating: Natural Gas
  • Heating Type: Forced Air
  • Heating Y/N: Yes
  • Hot Water: Natural Gas
  • Improvements: Above Grade, Below Grade
  • Inclusions: Appliances as exist
  • Lot SQFT: 1,125
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Municipality: Trenton
  • Number Of Units Month To Month: 5
  • Ownership Interest: Fee Simple
  • Photo Option: Lister Will Upload All
  • Property Condition: Average+
  • Roof: Asphalt
  • SchoolDistrictSource: Listing Agent
  • Sewer Septic: Public Sewer
  • Tax Annual Amount: 2049.0
  • Tax Year: 2018
  • Three Bedroom Units Count: 2
  • Total Below Grade SQFT Source: Assessor
  • Total Finished SQFT Source: Assessor
  • Total SQFT Source: Assessor
  • Two Bedroom Units Count: 3
  • Type Of Parking: On Street
  • Units Leased Count: 5
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Keller Williams Real Estate-Princeton


Chambers Professional Center
669 Chambers Street Suite C  Trenton, NJ 08611
 609-396-3400 | Contact Us
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