Property Description

Fully Occupied 4 unit Apartment Building for sale. 2021: Total current rent collected per month: $4169 (Yearly: $50,028) See below for Profit and Loss. Apt 4 has an extra room that could be use as a baby room or office. The entire building was renovated between 2011 and 2012. nnOnly showing pictures of Apartment 3 and 4. Apartment 1 is very spacious with original beautiful hard wood and open design kitchen. Apartment 2 also has a very nice kitchen and floor plan.nnDue to tenants privacy, showings will only occur for approved buyers with proof of pre-approval that can be confirmed or cash in full available for the purchase price. Showings will be grouped to a few people at a time on a select afternoon to be determined. Tenants pay Electric, Gas heat, Gas Hot Water, and Owner pays water/sewer, common electric, and lawn care. nnRent Amounts:nnApt 1: Subsidized: Lease Amount: $1075 Rent collected: $1040nApt 2: Subsidized Master Lease Amount: $975 Rent Collected: $975nApt 3: Subsidized Lease Amount: $1,328 Rent Collected: $1,328nApt 4: Subsidized Lease Amount: $975 Rent Collected: $826nn2021: Total current rent collected per month: $4169 ( Yearly: $50,028)nnProfit and loss:nn2019: GROSS RENT COLLECTED: $48,635.50 EXPENSES: $13,706.22 NET INCOME: $34,929.28 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 3 APT 4: $7,703.50nn2020: GROSS RENT COLLECTED: $49,790.40 EXPENSES: $10,987.06 NET INCOME: $38,803.34 ADDITIONAL ONE TIME EXPENSES: PAINT AND REPAIRS TO APT 1 AND 10 YEAR SMOKE UPGRADE: $3,063.28nnAll references to the profit or loss and income is an estimate and needs to be verified.

Features
: Radiator
: Window Unit(s)
: Shingle
N
: Outside Entrance, Poured Concrete
: Brick
: Fire Escape
N
: Victorian
: Natural gas
: Natural gas
: Front Yard, Rear Yard
N
Address Map
W
One block from the intersection of West State and Parkside Avenue
MLS Addon
Annually
Annually
TRENTON PUBLIC SCHOOLS
3,466 Sqft
: Detached
3,466 Sqft
$9,066
2020
HIST
: Public Sewer
: Public
N
$0

Multi-family For Sale

916 STATE STREET, TRENTON, New Jersey 08618

3,466 Sqft
$399,999
Listing ID #NJME2002314
Basic Details
Property Type : Multi-family
Status : ACTIVE
Listing ID : NJME2002314
Price : $399,999
Sqft : 3,466 Sqft
Year Built : 1920
Lot Area : 0.20 Acre
Subdivision Name : BERKELEY SQUARE
Price Per SQFT : $115
Lot SQFT : 8,920 Sqft
Ownership Interest : Fee Simple
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