RESTAURANT PLUS FOUR APARTMENTS 192 S Broad St 5 Unit Apartment Building $795,000 ($159,000/Unit) Trenton, NJ 08608
INVESTMENT HIGHLIGHTS
- HEAVY DAYTIME TRAFFIC
- HEAVILY POPULATED
- WALKING DISTANCE TO THOUSANDS OF STATE AND COUNTY OFFICES AND EMPLOYEES
- DOWNTOWN LOCATION
- 4 APARTMENTS FULLY LEASED
EXECUTIVE SUMMARY
MULTI-FAMILY (4 APTS FULLY RENTED)/ PLUS FULLY OPERATING RESTAURANT WITH SEATING FOR 70 LOCATED IN THE DOWNTOWN AREA OF THE CITY OF TRENTON. THE LONG-ESTABLISHED RESTAURANT HAS BEEN SERVICING THE STATE AND COUNTY OFFICES AND ALL ITS THOUSANDS OF EMPLOYEES FOR DECADES. A GREAT OPPORTUNITY FOR AN EXPERIENCED OPERATOR OR INVESTOR. NEW RESIDENTIAL COMPLEX FOR 130 FAMILIES CURRENTLY UNDER CONSTRUCTION ON THE VERY NEXT BLOCK.
MOTIVATED SELLER PLEASE BRING ALL OFFERS !
MOTIVATED SELLER PLEASE BRING ALL OFFERS !
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- On-Site Retail
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 of 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 11-09501-0000-00009 | Improvements Assessment | $131,600 (2024) |
| Land Assessment | $52,700 (2024) | Total Assessment | $184,300 (2024) |
