1657 Pennington Rd - Apartments FOR SALE


$600,000 USD
609-201-8957
1657 Pennington Rd, Ewing, NJ for Sale
$600,000 USD
Apartments - FOR SALE
1/41
null | 18.33% Cap Rate


OVERVIEW

Rare opportunity to own a 5unit multi with seperate utilites and PRIVATE off street parking for mulitile cars. Newer furnace and water heaters. Immense income earning potential as centrally located a short walk from the College of NJ and I -295 and NJ turnpike. Vacant units need some cosmetic updates. Perfect for experienced investors looking for a fix and hold (1) 4 bedroom , 1 bth (vacant) (1) 2 bedroom , 1 bath ( vacant) (1) 1 bedroom, 1 bath (2) studios

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$152 USD /SF

# OF UNITS

5

PRICE/UNIT

$120,000

CAP RATE

18.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1657-1659 pennington rd ewing nj

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

BN

APN/PARCEL ID

02-00271-0000-00005

ASK ABOUT THIS PROPERTY

Candice LockhartColdwell Banker Residential BrokerageMore Info
609-201-8957

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Candice LockhartColdwell Banker Residential BrokerageMore Info
609-201-8957

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.