Listing Courtesy of: Keller Williams Real Estate-Langhorne (215) 757-6100
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Presenting a high-yield, stabilized investment opportunity at 424 Trenton Road. This 9-unit multifamily property is now 100% fully occupied and generating a confirmed 7.58% Cap Rate on actuals at the current asking price. We have moved past "pro-forma" projections; this asset offers immediate, proven cash flow from day one. Situated in a quiet, wooded setting in Browns Mills, the property offers convenient access to local amenities and major regional employers, including the nearby Joint Base McGuire-Dix-Lakehurst, ensuring consistent demand from a diverse tenant pool. The heavy lifting has already been completed with major capital improvements, including a brand new septic system installed in 2021 and renovations on 7 of the 9 units. With the final unit recently leased, the property is fully stabilized with a strong, diverse unit mix consisting of two studios, four 1-bedroom units, two 2-bedroom units, and one 3-bedroom main house. The unique 5-building "village" configuration provides tenants with a private, residential feel that minimizes noise transfer and maximizes retention--a distinct competitive advantage over typical block-style apartments. BONUS VALUE-ADD: The property includes a 6th, standalone building (formerly 4 units verified in tax collectors records) currently in shell condition with water, gas, and electric run to the structure. This building is not connected to the new septic system and is offered strictly "as-is" with no representation of future use. It represents significant potential upside for a buyer willing to navigate township approvals for parking/septic independently, but the sale is not contingent on this development potential. Ideally situated for a 1031 Exchange or an investor seeking immediate yield with a "free option" for future expansion. Clean exit required; no seller financing available.
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
$ per month Year Fixed. % Interest Rate.
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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.