Address
1237 E State Street, Trenton, NJ
Price
$ 375,000
Property Attributes
- MLS#NJME2038328
- TypePending
- CountyMERCER
- CityTrenton
- AreaTrenton City
- Zip08609
- StyleColonial
- Year Built1950
- Taxes$ 7750
- Price$ 375,000
- Bedrooms3
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
INVESTORS: This four-unit, mixed residential / commercial building has a cap-rate of 8.46%, bringing in a gross rent of $3,850 a month. The downstairs is a large commercial space, currently being used as a church ($1200 a month). Upstairs are three apartments, currently one rented as section 8 bringing in $900 for apt #2 (they have applied to bring rent up to $950), apt #1 for $950 and $800 for apt #3.
| Price History | |
|---|---|
| 1/8/2024 | Listed $375,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Radiator |
| Cooling | Wall Unit |
| Possession | Immediate |
| Zoning | INSTI |
| Pool Y/N | No Pool |
| Architectural Style | Colonial |
| Construction Materials | Brick |
| Year Built | 1950 |
| Property SubType | Quadruplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Gross Income | 46200.00 |
| OwnerPays | Advertising/Licenses and Permits,Management,Sewer,Taxes - Real Estate,Repairs |
| Accessibility | Other |
| County | MERCER |
| Net Operating Income | 14458.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade |
| Status | PENDING |
| Directions | Use GPS. |
| ModificationTimestamp | 2024-04-17T13:38:29 |
| City | TRENTON |
| Buyer Agent Compensation | 2 |
| Total Units | 4 |
| MLS Area | Trenton City (21111) |
| Lot Size Square Feet | 2038.00 |
| Tax Assessed Value | 142000.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 4 |
| Street Name | STATE |
| Tax Annual Amount | 7750.0 |
| Structure Type | End of Row/Townhouse |
| One Bedroom Units Count | 3 |
| Price Per Sq Ft | 184.0 |
| Acceptable Financing | Conventional |
| Rent Control Y/N | No |
| Vacation Rental Y/N | No |
| Total SQFT | 2038 |
| Days on Market | 45 |
| Location Type | Corner Lot/Unit |
| Lease Type | Yearly |
| Standard Status | Pending |
| Year Built Source | Estimated |
| Tax Lot | 00004 |
| Total Actual Rent | 46200.00 |
| Cap Rate | 8.46 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | None |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
Exterior Features
| Parking Features | Public |
|---|---|
| Water Source | Public |
| Type of Parking | On Street |
| Foundation Details | Concrete Perimeter |
| Water View Y/N | No |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 32100.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 08609
Price
Taxes
Visits
Year Built
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