39 Prospect St
Trenton, NJ 08618
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,500 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | MU |
AMENITIES
UNIT AMENITIES
- Heating
- Bay Window
- Carpet
- Basement
- Dining Room
ABOUT 39 PROSPECT ST , TRENTON, NJ 08618
Cash Cow. Six 3BR/1BA large apartment units at under $25K/door - 3 units in each of 2 buildings. Each building qualifies for Residential Multi Family loan (Under 4 units). Seller Financing Available. Near Capitol Health Center that is now getting transformed into mixed use Education and Commercial area. Generate more than 40% annual cash-on-cash returns. See proforma at http://bit.ly/1Et2VGh. 2 units received all city permits - electrical, plumbing, fire etc. (pending final Housing OK). Strategy: Generate $2K in rents from the 2 rehabbed units while getting others renovated to market rent.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 6 | $1,000 | 1,010 |
