




Listed By CENTURY 21 Alliance
The Home for Sale located at 724 Division Street, Trenton, New Jersey 08611 is currently for sale. 724 Division Street, Trenton, New Jersey 08611 is listed for $899,999.
$899,999 USD
Home for Sale, 724 Division Street, Trenton, New Jersey 08611
- MLS#NJME2069098
- Home/Lot size
456 m² (4,905 ft²)
Property features
Property
- Property size:
456 m² (4,905 ft²)
Construction
- Year built: 1897
Heating and Cooling
- Heating system: OilRadiators
Utilities
- Other utilities: City Water
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 a 9.1% 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)
Location
724 Division Street, Trenton, New Jersey 08611