42 Maple Ave - Apartments FOR SALE


Trenton, NJ 08618- Cadwalader & Hillcrest
$725,000 USD
609-638-5761
42 Maple Ave, Trenton, NJ for Sale
$725,000 USD
Apartments - FOR SALE
1/11
null | 7.4% Cap Rate


OVERVIEW

Six-unit residential building plus garage. All units were completely renovated 3 years ago and are well maintained. Building features new electric heat throughout, separate electric meters for all apartments, owner-paid hot water and cooking gas, and basement laundry. Unit 2 is being shown to potential tenants. There a pictures of it. The rest of the units are renovated the same way, minus normal wear by tenants. Unit Breakdown & Rents: 1BD – $1,350 (occupied) 1BD / Studio – $1,200 (occupied) 1BD – $1,310 (occupied) 1BD – $1,248 (occupied) 2BD split – $1,350 (occupied) Studio – $1,025 (occupied) Garage – $400 (currently in eviction process; electric on owner meter) Pre-approval or proof of funds required with all offers.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

6

PRICE/UNIT

$120,833

CAP RATE

7.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1898

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RB1

APN/PARCEL ID

11-32802-0000-00009

ASK ABOUT THIS PROPERTY

Mikhail BalezineGambourg Properties IncMore Info
609-638-5761

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Mikhail BalezineGambourg Properties IncMore Info
609-638-5761

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