$950,000

724 DIVISION ST, Trenton, NJ 08611

  • 4,905 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1897
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $194/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

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)

Listing Status:
Active
Listing Office:
Century 21 Alliance-Moorestown : 8562354664
Listing Agent:
Andrei Essam Mounir Gayed : 6093215893
MLS ID:
NJME2069098
  • A/C: None
  • Heating: RadiatorOil
  • Disability Feature: None
  • General: Above Grade
  • Style: Other
  • General: FrameOther
  • Originating MLS: BRIGHT_MAIN
  • School District: TRENTON PUBLIC SCHOOLS
  • County: MERCER-NJ
  • Zoning: RESIDENTIAL11-19302-00025
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Andrei Essam Mounir Gayed, Century 21 Alliance-Moorestown

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

George Washington Elementary School

331 Emory Ave, Trenton, NJ, 08611

Grades PK-3

0.19 miles away

G

Grace A. Dunn Middle School

401 Dayton St, Trenton, NJ, 08610

Grades 7-8

0.47 miles away

T

Trenton Central High School

400 Chambers St, Trenton, NJ, 08609

Grades 10-12

0.79 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.