2695 Main St - Apartments FOR SALE


Lawrence, NJ 08648- Princeton/Lawrenceville
$875,000 USD
609-201-8957
2695 Main St, Lawrence, NJ for Sale
$875,000 USD
Apartments - FOR SALE
1/56
null | 10% Cap Rate


HIGHLIGHTS

  • located downtown main street near lawrenceville school ,starbucks, shops and restaurants
  • private parking lot
  • low vacancy rate

OVERVIEW

Open house Sat Jan 3 11am to 1pm. Rare opportunity in downtown Lawrenceville, NJ to own a historic 4-unit multi-family property in a walkable, highly desirable area. Steps to Starbucks, Lawrenceville Presbyterian Church, The Lawrenceville School, and an array of shops and dining. Property Highlights Four (4) rental units; all utilities separately metered Off-street parking with capacity for multiple tenants Hardwood flooring and exposed beams throughout; multiple fireplaces in select units Fully vacant and readily showable; easy to demonstrate all four units Property being sold strictly “as-is”; buyer to perform due diligence and any required rehab and obtain township CO Investment Details Appraised in 2025 at $1,000,000 in current condition (appraisal available to serious inquiries) Excellent redevelopment potential with significant upside through renovations and savvy management Potential Gross Rental Income $9500 montHly/ 114,000 yearly ESTIMATED REHAB 100K ARV 1.2

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

4

PRICE/UNIT

$218,750

CAP RATE

10%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1789

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

07-06301-0000-00062

ASK ABOUT THIS PROPERTY

Candice LockhartColdwell Banker Residential BrokerageMore Info
609-201-8957

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Candice LockhartColdwell Banker Residential BrokerageMore Info
609-201-8957

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