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Trenton,NJ 08638
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,600 sqft
Price per Sqft $122
MLS Listing ID NJME2050184
Year Built 1942
Annual Tax Amount $7,425
Tax Year 2024
Lot Size 7,680 Sqft
Property Description
This property offers approximately 4,600 square feet of living space across two buildings. The home features (4) two-bedroom units and (1) one-bedroom unit, each with separated utilities, providing opportunities for multiple income streams or flexible living arrangements. More income generating opportunity exists, with architectural plans, for new owner to convert attached storage area with plumbing into a 6th unit or add additional beds and baths to adjacent one bedroom unit. Additionally, the property benefits from a transferrable tax abatement, which can offer potential cost savings for the next owner.
The transferrable tax abatement is a valuable feature, as it can help offset the property's tax burden for the new owner, potentially enhancing the overall financial viability of the investment. This type of tax relief program can be beneficial for both owner-occupants and investors alike, providing opportunities for cost savings and improved cash flow. The tax abatement doesnt expire until 12/31/2026.
Overall, this property presents a unique opportunity with its flexible living spaces, separated utilities, and transferrable tax abatement. Two units will be delivered vacant to new owner and can be shown by real estate agent at any time.
Location
State NJ
County Mercer
Area Trenton City (21111)
Zoning COMMERICAL
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Exterior
Waterfront N
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Trenton Public Schools
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard