Courtesy of: Andrei Essam Mounir Gayed, Century 21 Alliance-Moorestown, andreigayed@gmail.com
Courtesy of: Andrei Essam Mounir Gayed, Century 21 Alliance-Moorestown, andreigayed@gmail.com
$950,000
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Other
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$950,000
724 DIVISION Street Introducing 724 Division Street, a turnkey 6-unit commercial/multifamily property located in the heart of Trenton, NJ. This well-maintained investment opportunity offers a strong in-place rent roll, additional parking income, and minimal owner expenses - ideal for investors seeking reliable cash flow and long-term asset appreciation. Fantastic investment opportunity! Five units are 1 bed/1 bath, and the sixth unit is a 2 bed/1 bath. Parking lot currently rented for $750/month, bringing total gross monthly income to $8, 796. Annual net income of $82, 244 after expenses with an 8.66% cap rate! !!!!!!Estimated Section 8 rents could generate $10, 050/month, producing an annual net income of $106, 292 after expenses and an impressive 11.19% cap rate! Excellent cash flow and strong upside potential!!!!!!! (CALL Andrei Gayed or David Beaty for more information and to schedule a tour & to see the Pro Forma made for this property)
Courtesy of: Andrei Essam Mounir Gayed, Century 21 Alliance-Moorestown, andreigayed@gmail.com
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