Listing Courtesy of: Keller Williams Real Estate-Langhorne (215) 757-6100
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Presenting an exceptional investment opportunity at 424 Trenton Road, this 9-unit multifamily property offers the perfect blend of stability and upside. With 7 of the 9 units already fully remodeled and a brand new septic system installed in 2021, the heavy lifting has been done. The unique 5-building layout provides a private, residential feel that attracts a wide range of quality tenants. Current ownership has meticulously managed major capital improvements, mitigating future risk for the next investor. The property features a diverse mix of studio, 1, 2, and 3-bedroom units. There is a clear and immediate path to increase cash flow by leasing two vacant units at market rent and raising the significantly under-market rent on the flagship 3-bedroom, 2-bath main house. With a pro-forma cap rate of 6.19% and its strategic proximity to Joint Base McGuire-Dix-Lakehurst ensuring a consistent tenant pool, this property is a powerful addition to any investment portfolio. Don't miss this chance to acquire a stabilized, cash-flowing asset with tangible upside.
Listing Courtesy of: Keller Williams Real Estate-Langhorne (215) 757-6100
Directions: From Center of Browns Mills when at intersection of Trenton Rd and Broadway St, follow Trenton Rd North, property is on right hand side, just past the Self Storage.
Interior Features
Heating: Baseboard - Electric, Forced Air
Heating Fuel: Electric, Natural Gas
Cooling: Central A/C, Window Unit(s), Electric
Floors: Laminated, CeramicTile, Hardwood
Water Heater: Natural Gas, Multi-tank, Electric
Entry Level: 1
Total Number of Units: 9
Accessibility: None
Ceiling Height: 8' to 10'
Exterior Features
Is New Construction: No
Construction: Frame
Foundation: Block
Roof: Architectural Shingle, Flat
Septic or Sewer: Private Septic Tank, Septic Exists, Septic = # of BR
Electric: 200+ Amp Service, 100 Amp Service
Utilities: Natural Gas Available, Electric Available, Cable TV Available, Phone Available, Water Available
Inclusions: All appliances in as-is condition with no monetary value
Exclusions: Tenant's personal property
Available For Lease: No
Business Type: Apartment Building
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.